Latest news with #UOBGroup
New Straits Times
27-05-2025
- Business
- New Straits Times
UOB Malaysia reaffirms support for Asean growth and inclusive leadership
KUALA LUMPUR: UOB Malaysia has reaffirmed its commitment to Asean's growth, highlighting inclusive leadership and the empowerment of women in entrepreneurship, leadership and sustainability as key to unlocking the region's full potential. The statement comes as UOB Group marks its 90th anniversary. UOB Malaysia chief executive officer Ng Wei Wei said women entrepreneurs, like their male counterparts, face barriers in accessing financing, knowledge, digital tools and networks needed to scale their businesses and navigate a fast-changing digital economy. "We set up The UOB FinLab programme in 2019 to help SMEs grow. In recent years, we began focusing on women entrepreneurs across Malaysia and Singapore. "Through The FinLab, we have helped 1,200 of them to learn new digital tools and skills, navigate the economy, grow their businesses, and more importantly, build a strong ecosystem that helps them expand their networks," she said during the panel session titled "Global Power Hour: Women Pioneering Change Across Continents" held here yesterday. The session was part of the Asean Women Economic Summit 2025 (AWES 2025) and was moderated by Minister of Investment, Trade and Industry Datuk Seri Utama Tengku Zafrul Tengku Abdul Aziz. Ng shared the stage with Indonesia's vice minister of trade Dyah Roro Esti Widya Putri and Cambodia's minister of commerce Chan Nimul. Themed "Empowering Women, Energising Asean: Pioneering Economic Integration for a Resilient Tomorrow", AWES 2025 underlined the importance of placing women at the heart of Asean's economic transformation amid global uncertainty and digital disruption. The two-day inaugural summit was held alongside the 46th Asean Summit under Malaysia's 2025 Chairmanship. It drew more than 700 delegates from government, business and civil society to chart a more inclusive and resilient economic future. UOB Malaysia was the main sponsor of AWES 2025, with Kuok Brothers Sdn Bhd as the empowerment partner.
Barnama
27-05-2025
- Business
- Barnama
UOB Malaysia Reaffirms Support For ASEAN Growth And Inclusive Leadership
KUALA LUMPUR, May 27 (Bernama) -- UOB Malaysia has reaffirmed its commitment to ASEAN's growth, highlighting inclusive leadership and the empowerment of women in entrepreneurship, leadership and sustainability as key to unlocking the region's full potential. The statement comes as UOB Group marks its 90th anniversary. UOB Malaysia chief executive officer Ng Wei Wei said women entrepreneurs, like their male counterparts, face barriers in accessing financing, knowledge, digital tools and networks needed to scale their businesses and navigate a fast-changing digital economy. 'We set up The UOB FinLab programme in 2019 to help SMEs grow. In recent years, we began focusing on women entrepreneurs across Malaysia and Singapore. 'Through The FinLab, we have helped 1,200 of them to learn new digital tools and skills, navigate the economy, grow their businesses, and more importantly, build a strong ecosystem that helps them expand their networks,' she said during the panel session titled 'Global Power Hour: Women Pioneering Change Across Continents' held here yesterday. The session was part of the ASEAN Women Economic Summit 2025 (AWES 2025) and was moderated by Minister of Investment, Trade and Industry Datuk Seri Utama Tengku Zafrul Tengku Abdul Aziz. Ng shared the stage with Indonesia's vice minister of trade Dyah Roro Esti Widya Putri and Cambodia's minister of commerce Chan Nimul. Themed 'Empowering Women, Energising ASEAN: Pioneering Economic Integration for a Resilient Tomorrow', AWES 2025 underlined the importance of placing women at the heart of ASEAN's economic transformation amid global uncertainty and digital disruption. The two-day inaugural summit was held alongside the 46th ASEAN Summit under Malaysia's 2025 Chairmanship. It drew more than 700 delegates from government, business and civil society to chart a more inclusive and resilient economic future.
Independent Singapore
08-05-2025
- Business
- Independent Singapore
UOB's Q1 net profit stays flat despite 'record fee income and robust loan growth'
Image: Google maps SINGAPORE: UOB Group reported a net profit of S$1.5 billion for the first quarter of 2025, the same as the first quarter of last year. The flat result came even as the bank posted 'record fee income and robust loan growth', Singapore Business Review reported, citing the bank's latest performance report. UOB's basic earnings per share (basic) stood at S$3.51 for the quarter. Net profit fell by 2% compared to the fourth quarter of 2024 (Q4 2024). Operating profit for the bank climbed to S$2.1 billion, up 7% from a year ago and 11% higher than Q4 2024. Net fee income climbed 20% to a record S$694 million on stronger loan-related and wealth management fees, while net interest income grew 2% to almost S$2.41 billion on 6% loan growth, though it was 2% lower than the previous quarter. Meanwhile, its non-performing loan (NPL) ratio inched up by 0.1 percentage point to 1.6%. Other non-interest income dropped 5% year-on-year (YoY) to $554 million, though it rose 25% from the previous quarter. The cost-to-income ratio improved from 44.6% to 42.6% due to tighter cost control, while the bank's Common Equity Tier 1 (CET1) ratio, which compares a bank's core capital to its risk-weighted assets, remained steady at 15.5%. UOB CEO and deputy chairman Wee Ee Cheong said they expect slower global growth in the near term, with ongoing risks from tariffs and trade disruptions. However, he noted that the region's 'competitive edge' in manufacturing and commodities will ensure its relevance as global supply chains reconfigure. He added that flows within ASEAN and between ASEAN and the rest of the world are expected to keep growing as countries find new ways to drive growth. /TISG Read also: UOB slashes One Account rates for second year in a row, sparking frustration among customers
