News Formal

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

  • 📰 staronline
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

KUALA LUMPUR: United Overseas Bank Ltd (UOB) expects its acquisition of Citigroup’s consumer banking businesses will immediately bring a 1.4 times uplift to income, said UOB group chief financial officer (GCFO) Lee Wai Fai.

"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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

UOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam | The Malaysian InsightUOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »

UOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam | The Malaysian InsightUOB to acquire Citigroup consumer business in Malaysia, Indonesia, Thailand, Vietnam
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »

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...
Источник: malaymail - 🏆 1. / 86 Прочитайте больше »