The new wholly owned subsidiary bank, United Overseas Bank (China) (UOBC) will have a registered capital of RMB3 billion.
Wee Cheong, deputy chairman and CEO of United Overseas Bank (UOB), said: The incorporation of UOBC marks a new chapter for our operations in China and strengthens the UOB Group’s regional network. It underscores our commitment to making China a key market for our growth and reinforces our mission to be a premier bank in the Asia Pacific region.
