UOB Plans $2.2 Billion Capital Return
Singapore bank UOB hits record high after Q4 earnings beat, $2.2 billion capital return
Shares of Singapore's United Overseas Bank, or UOB , hit a record high on Wednesday after it posted a 9% rise in fourth-quarter net profit that beat expectations and announced a S$3 billion ($2.24 billion) package to return surplus capital to investors.
The bank’s CEO, Wee Ee Cheong, said an enlarged customer base and enhanced platforms in the region position UOB well.
UOB priced A$2 billion three-year senior floating-rate bond on Feb 21 at 0.65% above the three-month Bank Bill Swap Rate.
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior ...
UOB is proposing a special dividend of 50 cents per share to be paid over two tranches in 2025, returning $0.8 billion of ...
We believe both Johor and Singapore coming together gives a lot of opportunity and we genuinely feel that we can help' ...
ANALYSTS have raised their target prices for UOB after the lender on Wednesday (Feb 19) posted full-year net profit that ...
Scope for New Zealand Dollar (NZD) to rise further, but it is unlikely to reach 0.5790 today. In the longer run, boost in ...
Asian Banking & Finance on MSN3d
UOB net profit rises 6% to $6b in FY24It will return $3b to shareholders over the next three years. UOB Group has reported a net profit of $6b for the financial ...
In a report released today, Lim Rui Wen from DBS maintained a Buy rating on UOB (UOVEF – Research Report), with a price target of S$43.00. The ...
United Overseas Bank (UOB) on Feb 19 announced a S$3bil package over the next three years to return surplus capital to ...
The group also introduced a $2b share buyback programme. UOB Group has announced a $3b capital distribution package ...
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