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UOB bank Sandakan branch in Malaysia. Incorporated in 1993, UOB Malaysia was integrated with Lee Wah Bank in 1994 to operate as a single entity. Lee Wah Bank was founded in 1920 in Singapore, with its first Malaysian branch opened in 1956. In 1973, Lee Wah Bank became a wholly owned subsidiary of UOB and was merged with UOB Malaysia in 1994.
UOB or UoB is the acronymic abbreviation for: United Overseas Bank , a Singaporean multinational investment bank and financial services company University of Baghdad
Malaysia is the global leader in terms of the sukuk (Islamic bond) market, issuing RM62 billion (US$17.74 billion) [4] worth of sukuk in 2014 - over 66.7% [5] of the global total of US$26.6 billion [2] [6] Malaysia also accounts for around two-thirds of the global outstanding sukuk market, controlling $178 billion of $290 billion, the global total.
Government departments have therefore promoted the use of these initialisms, so they occur even in non-English publications. Although the younger generation of Singaporeans are now all educated in English, abbreviations remain a major characteristic of Singapore English. There are efforts to maintain some consistency among the initialisms.
At UOB's 65th annual meeting in April 2007, Wee stepped down as the bank's chief executive officer and was succeeded by his eldest son Ee Cheong. He remained as chairman of UOB, which he had grown into Singapore's largest bank by market capitalisation with more than 500 branches and offices in 18 countries.
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
Wee Kheng Chiang (simplified Chinese: 黄庆昌; traditional Chinese: 黃慶昌; pinyin: Huáng Qìngchāng; Jyutping: Wong4 Hing3 Coeng1; Pe̍h-ōe-jī: Ûiⁿ Khèng-chhiang; 1890–1978) was a Malaysian Chinese businessman of Quemoy Bân-lâm Hoklo ancestry who founded the United Chinese Bank (now United Overseas Bank) and Bian Chiang Bank (now known as CIMB Group).
It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB). DBS is the largest bank in Southeast Asia by assets and among the largest banks in Asia, with assets totaling S$739 billion as of 31 December 2023.