UOB-Citigroup acquisition to bring immediate 1.4 times income uplift: UOB GCFO

"At the group level, we will see an immediate S$1 billion incremental income uplift,” he said during a virtual briefing on the UOB-Citigroup proposed acquisition today.

"As a long-term player, UOB has been disciplined, selective and patient in seeking the right opportunities to grow. We have been on the lookout all this while, even as we focus on organic growth. Combining Singapore and the region, the group would have a total customer base of slightly less than 10 million, which will give an opportunity to crop benefit for the whole region, he shared.

Timing-wise, he added, the COVID-19 crisis allows validation and resilience of the business and portfolio, for both UOB and Citi.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

UOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam | The Malaysian InsightUOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »

UOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam | The Malaysian InsightUOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam
Fonte: msianinsight - 🏆 8. / 63 Consulte Mais informação »

EPF’s gross investment income up 7.7pc in first nine months of 2021 | Malay MailKUALA LUMPUR, Jan 11 ― Total gross investment income of the Employees Provident Fund (EPF) grew 7.7 per cent year-on-year to RM48.02 billion for the nine months ended September 30, 2021 (9M 2021) from RM44.60 billion in the same period in 2020. Total gross investment income for the third quarter...
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »