UOB has long believed in the fundamental strengths and prospects of ASEAN and as such, we have built a regional franchise to help our customers capitalise on the region’s potential. As ASEAN continues to attract more foreign direct investment, its economy is expected to double in the next decade and stands to be the fourth largest in the world by 2050. This potential presents huge opportunities for our customers, especially with the diversification of global supply chains into the region. Through our established network across ASEAN and linkages to Greater China, we are best placed to connect our customers from around the world to the region’s diversified markets. Our unique combination of in-market presence, local insights and expertise, coupled with the partner ecosystems we forge, enable us to help businesses and consumers seize opportunities for sustainable growth.
Expanding our regional network in service of our customers
In building our integrated regional network, we focus on helping our customers achieve their growth and expansion ambitions and ensuring that we have the capabilities in place to help them seize regional opportunities.  

Over the last eight decades we have expanded our geographical footprint, enhanced our infrastructure and deepened our capabilities across the region. We have created an unrivalled integrated network with a strong franchise that continues to grow. Most recently,
we increased our presence in Greater China, particularly in the booming Greater Bay Area (GBA). We also expanded in Vietnam, one of the world’s fastest-growing economies and where we remain the only Singapore bank to have established a foreign-owned subsidiary. We have positioned ourselves strategically to help our customers benefit from the region’s trade and investment flows.

In 2019, our strategic expansions included:
Greater China
  • a new branch in Zhongshan in Guangdong Province. We were the first foreign bank to open a branch in Zhongshan, our seventh
    in the GBA;
  • a new commercial banking centre in Causeway Bay, our third in Hong Kong, to serve medium- and large-sized companies;
  • a new branch in Hanoi, our second in Vietnam. It complements our Vietnam headquarters in Ho Chi Minh City and enables us to serve more consumers in both the northern and southern parts of the country as well as the corporates expanding across and investing in the country’s fast-growing cities; and
  • an acquisition of a 75 per cent stake of an Indonesian asset management firm by UOB Asset Management, our asset management subsidiary, as part of its regional expansion. Renamed PT UOB Asset Management Indonesia, it provides specialised solutions such as Islamic and multi-asset investments, Indonesia-focused funds and investment mandates.
Strengthening regional connectivity and collaboration
Meeting companies’ financial needs across our network
Combining strengths to help our customers seize opportunities