Best Retail Bank in Singapore - UOB
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.
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For further information on the collaterals for winning banks, please contact:
Mr. Mobasher Zein Kazmi
Head of Research
Tel: (+61) 452 514 145