Resilient UOB relishes regional role

Quick Summary:

In Thailand’s highly competitive banking industry, UOB has proven its resilience as a foreign bank over the past 25 years thanks to a strong Southeast Asian network, brand strength and its ability to win the trust of Thai customers.

While UOB is the second largest foreign bank in Thailand with a market share of about 4%, the lender is the largest foreign bank in Malaysia, where it has had a presence for 73 years and currently holds a market share of about 7%.

Being a foreign bank, UOB has positioned itself as a niche player with a focus on “mass affluent” customers, Mr Wee said.“We are a foreign bank but we’re incorporated domestically.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndonesiaMalaysiaSingaporeVietnam

Topics: Market Bank Country Banks Southeast Branches Foreign Asia Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 11:30:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1912 words

Reading Time: 11 minutes read

Sentences: 74 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23937235

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Official Website: bangkokpost.com

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News Last Updated: 5 hours ago

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