Tuesday, 21 March 2023

Best Retail Bank in Singapore - UOB

5 min read

By The Asian Banker

UOB maintained balance sheet growth across all retail segments in the past year. It had a 7% increase in current account savings account (CASA) and new mortgage sales growth of 28% year-on-year (YoY). The bank’s e-payment transactions saw a 20% YoY growth. UOB gross revenue remained robust at SGD 2 billion ($1.46 billion). UOB also brought together the innovation of digital bank, TMRW. It leveraged heavily as a platform to house and scale initiatives launched in 2021 which include SimpleInvest, UOB Rewards+, PayNow-PromptPay, among many others. These initiatives include investment solutions, cross-border payments, deals, promotions, and rewards etc. The Best Retail Bank in Singapore is UOB.


About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The global research company has offices in Singapore, Malaysia, Hong Kong, Beijing and Dubai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. Visit www.theasianbanker.com for details.

You may visit the Excellence in Retail Financial Services page at  http://awards.asianbankerforums.com/retailfinancial/


For further information on the collaterals for winning banks, please contact:

Mr. Mobasher Zein Kazmi

Head of Research

Tel: (+61) 452 514 145

Email: [email protected]

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