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United Overseas Bank (UOB)Singapore

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Created before Nov 2016
Last update: 2019-02-11 15:20:55

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UOB head offices in Singapore. Photo: Terence Ong via Wikimedia (CC BY 2.5)

About United Overseas Bank (UOB)

United Overseas Bank (UOB) is a Singaporean bank which was established in 1935. Over the years it has acquired several smaller banks. Currently, it operates in 19 countries in Asia, Western Europe and North America and provides the following services: personal financial, private banking, corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services.

Website	http://www.uobgroup.com/
Headquarters	80 Raffles Avenue, UOB Plaza 1 048624 Singapore
CEO/chair	Wee Ee Cheong Deputy Chairman and Chief Executive Officer
Supervisor	Monetary Authority of Singapore (MAS)
Annual report	Annual report 2017
Ownership	listed on Singapore Stock Exchange (SGX) UOB Group's share holder structure can be accessed here.

Related Dodgy Deals

United Overseas Bank (UOB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure

Debt – corporate loan

United Oversease Bank does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.

source: Greenpeace
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure

Debt – corporate loan

80 million

31 May 2017

Financed CAD 80 million as part of CAD 5.5 billion credit facility

source: Securities & Exchange Commission
link

There are no active projects for United Overseas Bank (UOB) now.

Projects - on record profiles

Hazelwood coal power plant Australia profile

energy plants - coal

Debt – corporate loan

AUD 27 million

2008

source: link

Companies - active profiles

Golden Agri-Resources (GAR) Singapore profile

agriculture - palm oil

Equity – share owner/manager

2017

United Overseas Bank Nominees PTE Ltd holds 1.99% of GAR's shares

source: GAR Annual Report 2017
link

Golden Veroleum Liberia (GVL) Liberia profile

agriculture - palm oil

Equity – share owner/manager

2017

United Overseas Bank Nominees PTE Ltd holds 1.99% of GAR's shares

source: GAR Annual Report 2017
link

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure

Debt – corporate loan

USD 11 million

2014 - 2017

source: BankTrack Coal Developers Report
link

Wilmar International Singapore profile

agriculture - palm oil

Debt – corporate loan

EUR 289 million

2010 - 2013

Total amount of 4 corporate loans provided to Wilmar by United Overseas Bank in the period 2010-2013.

source: FoE Europe report (November 2015)
link

There are no active companies for United Overseas Bank (UOB) now.

Companies - on record profiles

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas

Debt – corporate loan

EUR 7.2 million

source: International Financing Review, 26 October 2002;Euroweek - Issue: 780; Prospectus WMC Resources, 26 June 2003.

Bumitama Indonesia profile

agriculture - palm oil

Bond issue – underwriter

EUR 55.38 million

March 2014

One of two participating financial institutions in a bonds issuance

source: FoE - The financing of Bumitama Agri(2015)

Debt – corporate loan

EUR 17.19 million

May 2013

Loan secured through subsidiary Bumitama Gunajaya Agro Group

source: Thomson ONE Banker, Tearsheet 2980397115, consulted on 8 May 2013

Debt – corporate loan

EUR 25.4 million

November 2012

source: Thomson ONE Banker, Tearsheet 2910214115, consulted on 12 November 2012

Debt – corporate loan

EUR 10.7 million

November 2011

One-year revolving credit facility, loan secured through Bumitama Gunajaya Agro Group

source: FoE - The financing of Bumitama Agri (2015)

OLAM Singapore profile

agriculture - food crops | agriculture - palm oil | forestry - pulp and paper

Uncategorised

22 September 2014

shares/bonds underwriter or manager - holds 0.24% of the shares - on behalf of UOB Nominees

source: Annual Report 2014

Dodgy Deals map

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Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it

2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network

Documents

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Type:

Year:

csr policies

2018-06-25 00:00:00

Anti-money laundering questionnaire

2018-06-25 00:00:00 | UOB

csr policies

2018-06-01 00:00:00

Guidelines on responsible finance

2018-06-01 00:00:00 | Association of Banks in Singapore

annual reports

2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | UOB

correspondence

2018-02-07 00:00:00

Letter from various civil society organisations to DBS, OCBC and UOB on climate change action

Open letter calling on DBS, OCBC and UOB to take action on climate change

2018-02-07 00:00:00 | various civil society organisations

ngo documents

2017-11-30 00:00:00

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing

2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo

annual reports

2017-07-31 00:00:00

Annual Report 2016

2017-07-31 00:00:00 | UOB

annual reports

2017-07-31 00:00:00

2015-02-16 00:00:00 | TuK, Profundo

annual reports

2015-01-01 00:00:00

Annual Report 2014

2015-01-01 00:00:00 | UOB

annual reports

2014-01-01 00:00:00

Annual Report 2013

2014-01-01 00:00:00 | UOB

ngo documents

2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin

Policies

Voluntary initiatives

United Overseas Bank (UOB) has committed itself to the following voluntary standards:

ABS Guidelines on Responsible Financing
Global Reporting Initiative

Investment policies

United Overseas Bank has not publicly disclosed its investment policies. The group's web page on corporate social responsibility can be accessed here.

Year:

csr policies

2018-06-25 00:00:00