UNITED Overseas Bank (UOB)chief executive Wee Ee Cheong got a 30 per cent pay hike last year, taking home between $8.75 and $9 million.

In 2011, his package was about $6.5 to $6.75 million. The increase was on the back of the UOB's record full year profit of $2.8 billion.

The UOB annual report just out today, revealed the bulk of Mr Wee's pay packet, or 85.4 per cent, comprised of bonuses.

Mr Wee, who also sits on the UOB's board, earned about $200,000 in directors fees, and about $1 million in salary.

This puts DBS Bank's Mr Piyush Gupta still on track to be the best-paid chief executive among the local banks, with his pay packet of $9.3 million last year.