United Overseas Bank

United Overseas Bank

Community score

+0.31 -55
Industry: Commercial Banks
Listing country: Singapore
Year added: 2018

United Overseas Bank (UOB), established in 1935, has its headquarters in Singapore. The bank's operations are segmented into four main business categories, which are Group Retail, Group Wholesale Banking, Global Markets, and Investment Management. UOB has built its reputation and services around its own brand, which is synonymous with banking in the region. Nonetheless, under the UOB umbrella, there are subsidiary companies such as UOB Kay Hian, specializing in stockbroking; UOB Asset Management, managing investments; and United Overseas Insurance, providing insurance services. With a strong foothold in Southeast Asia, UOB's products and services are prominently sold in Singapore, Malaysia, Indonesia, Thailand, and Vietnam. Additionally, they have a growing presence in China, extending their influence and services beyond Southeast Asia. (Powered by AI)

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United Overseas Bank

The homeownership rate in Singapore was 87.9% as of 20241. Studies have shown that areas with high homeownership rates and community involvement have more access to educational and economic opportunities2;p3. However, buying a house could be expen...

Adedayo _. April 27th, 2024
20 ratings
United Overseas Bank

About 1.7 billion adults worldwide have no access to financial services, depriving them of social and economic benefits and income-boosting opportunities1. Small and medium enterprises (SMEs) make up 90% of all companies worldwide, but they are un...

Adedayo _. March 12th, 2024
20 ratings
United Overseas Bank

As per the ILO, to be gender-balanced, an organization needs 40-60% of either gender1;pxii. Women’s underrepresentation limits economic development squander human potential and leads to an unequal share of economic growth benefits2. Increasing w...

Ajay A. January 11th, 2024
26 ratings
United Overseas Bank

Although access to credit boosts economic growth in the short term, the associated value of such credits fades in the medium time, with chances of rattling the financial system in the process2. In Dec. 2022, the household debt in Singapore reached...

Joyleen C. December 9th, 2023
18 ratings
United Overseas Bank

To ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1. On average, the statutory cor...

Renu R. November 7th, 2023
20 ratings
United Overseas Bank

In 2022, about 3.3 billion people were employed globally1. Job creation assists society in many ways, such as eliminating poverty and bringing economic stability that eventually leads to new taxpayers2. It also gives opportunities for personal gro...

Feyisayo Favour F. October 3rd, 2023
20 ratings
United Overseas Bank

In 2021, global GHG emissions amounted to 40.8 Bn tonnes (t) of CO2e1;p11. To meet the goals of the Paris Agreement, from 2020 to 2030, annual GHG reductions of 7.6% are required2. The rapid increase in the emission of greenhouse gases is causing ...

Ajay A. March 1st, 2023
14 ratings
United Overseas Bank

The private sector is composed of for-profit businesses that are not state-controlled1. Businesses benefit local economies by boosting employment and tax income for governments2. Micro and SMEs form the largest business sector in most economies in...

Benazir T. September 3rd, 2021
44 ratings
United Overseas Bank

The fossil fuel industry is responsible for 89% of the global GHG emissions, and hence the major reason for global warming leading to climate changes1. Apart from global warming, fossil fuels cause air pollution, killing 4 Mn people worldwide annu...

Renu R. April 3rd, 2023
20 ratings

Most negative / positive SDG

+3.27
-3.72