4. United Overseas Bank
Commonly referred to as UOB, the bank is a market leader in the credit card and private residential home loan business in Singapore. It has a special focus on SME banking and has operations in Singapore, Malaysia, Indonesia, Thailand, and China.
The bank’s asset management arm, UOB Asset Management, is one of Singapore’s top fund managers and it has built up an enviable track record over the years.
As one of the top 3 banks in Singapore, UOB is also stretching its legs in terms of innovative applications of technology by being the first bank in Singapore to enable customers to use their mobile phone as their security token.
Recognising that consumers are increasingly using their smartphones in all aspects of life, including banking transactions, this digital security feature is aimed at enhancing value-added service to its pool of customers.
Market Capitalization: S$34.3 billion
Total Revenue: S$7.4 billion
Net Profit: S$3.2 billion
Total Assets: S$316 billion