About United Overseas Bank
United Overseas Bank is a company based in Singapore (Singapore) founded in 1935 by Wee Kheng Jin. It operates as a Commission-Based. The company has 32,070 employees as of December 31, 2024. United Overseas Bank has completed 1 acquisition, including UACC. United Overseas Bank offers products and services including Banking Services. United Overseas Bank operates in a competitive market with competitors including Bank of America, Scotiabank, UniCredit, DBS and OCBC Bank, among others.
- Headquarter Singapore, Singapore
- Employees 32070 as on 31 Dec, 2024
- Founders Wee Kheng Jin
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name United Overseas Bank Limited
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Annual Revenue
$20.99 B (USD)5.69as on Dec 31, 2024
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Net Profit
$4.36 B (USD)6.25as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
32070
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of United Overseas Bank
United Overseas Bank is a publicly listed company on the SGX with ticker symbol U11 in Singapore, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of United Overseas Bank
United Overseas Bank offers a comprehensive portfolio of products and services, including Banking Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Banking services are provided for personal and corporate clients.
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Software Development Team
205 people
Leadership Team
130 people
Finance and Accounting
26 people
Head Team
25 people
Senior Team
19 people
Product Management Team
17 people
Sales and Marketing
14 people
Human Resources and Administration
12 people
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Funding Insights of United Overseas Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by United Overseas Bank
United Overseas Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include UACC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Maritime and logistics insights, innovations, and sustainability solutions are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - United Overseas Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
United Overseas Bank Comparisons
Competitors of United Overseas Bank
United Overseas Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bank of America, Scotiabank, UniCredit, DBS and OCBC Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Diversified insurance brokerage services are provided to clients.
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| domain | founded_year | HQ Location |
Personal banking, insurance, and asset management services are provided.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on United Overseas Bank
Frequently Asked Questions about United Overseas Bank
When was United Overseas Bank founded?
United Overseas Bank was founded in 1935.
Where is United Overseas Bank located?
United Overseas Bank is headquartered in Singapore, Singapore.
How many employees does United Overseas Bank have?
As of Dec 31, 2024, the latest employee count at United Overseas Bank is 32,070.
What is the annual revenue of United Overseas Bank?
Annual revenue of United Overseas Bank is $20.99B as on Dec 31, 2024.
What does United Overseas Bank do?
United Overseas Bank Limited is recognized as a major financial institution in Asia. Banking and financial services are provided to both individual and corporate clients. Operations are focused in Singapore with a presence across the region. Solutions include personal banking, wealth management, and corporate financing. The bank is committed to supporting economic growth in its markets.
Who are the top competitors of United Overseas Bank?
United Overseas Bank's top competitors include Scotiabank, Bank of America and OCBC Bank.
What products or services does United Overseas Bank offer?
United Overseas Bank offers Banking Services.
Is United Overseas Bank publicly traded?
Yes, United Overseas Bank is publicly traded on SGX under the ticker symbol U11.
How many acquisitions has United Overseas Bank made?
United Overseas Bank has made 1 acquisition, including UACC.
What is United Overseas Bank's ticker symbol?
The ticker symbol of United Overseas Bank is U11 on SGX.
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