UOB on Wednesday said it plans to capture greater connectivity flows between Asean and Greater China, with the bulk of its operating profit from outside Singapore already derived from operations in the Asean region and Greater China.
Speaking at the bank's annual corporate day event on Wednesday, UOB's chief executive officer Wee Ee Cheong said that currently more than 40 per cent of UOB’s group operating profit is derived outside of Singapore.sentifi.com"We expect these numbers to go up as we strengthen our regional connectivity, collaborate in win-win partnerships to tap intra-regional flows and the region’s rising affluence for growth.
“In such an environment, it is even more important that we focus on the fundamentals and not lose sight of our main objective which is to continue to achieve long-term growth that is balanced with stability," he said.
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