United Overseas Bank Ltd

United Overseas Bank Ltd. (Singapore) engages in the provision of banking services. It operates through the following segments: Group Retail, Group Wholesale Banking, Global Markets, and Others. The Group Retail segment offers financial solutions to personal and small enterprise customers. The Group Wholesale Banking segment provides loans, trade services, cash management, capital markets solutions, and advisory and treasury products. The Global Markets segment includes foreign exchange, interest rate, credit, commodities, equities, and structured investment products. The Others segment is involved in non-banking activities and corporate functions. The company was founded by Kheng Chiang Wee on August 6, 1935 and is headquartered in Singapore.

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Singapore's banking sector is set to benefit from the regional economic re-opening, as well as the Federal Reserve's interest rate hikes, which would increase interest income. UOB, emerged as the best investment option out of two other Singapore Banks, DBS and OCBC, due to its financial growth, dividend yields and growth strategy.

United Overseas Bank Limited: The Top Stock Pick For A High-Inflation Environment

United Overseas Bank Ltd ( SGX:U11 , Financial) saw its fiscal year 2021 net profit leap by 40% to 4 billion Singapore dollars ($2.97 billion), driven by strong performance across its franchises and resilient asset quality, according to its earnings results released on Tuesday.

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