SINGAPORE - UOB's $5 billion acquisition of Citigroup's consumer banking franchise in Malaysia, Thailand, Indonesia and Vietnam will enable it to scale up its business in four key regional markets at one go and accelerate its growth targets by five years, said UOB deputy chairman and chief executive Wee Ee Cheong on Friday (Jan 14).
The move comes at a time when UOB's competitors are expanding their market share in countries such as China and India.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
