UOB

Prospective home owners will now find it easier to apply for home loans with the launch of United Overseas Bank’s (UOB) fully digital home loan system, the bank said on Tuesday (Aug 7). The new system includes the first bank-backed instant property valuation service in Singapore, and matches buyers to bankers via the GetBanker digital service. The service sees UOB partnering with four other...

Potential home buyers who are visiting showflats can now receive an instant decision on their home loan application on-site under a new service introduced by United Overseas Bank (UOB) on Thursday. UOB said home buyers will be able to find out the status of their loan application as soon as they finish keying in their personal and financial details into UOB's automated approval system, which can be...

UNITED Overseas Bank has become the first in Singapore to tie up with Singapore Post to distribute HDB home loans, extending its mortgage services beyond its 57 branches. In recent years, more banks have started offering their services in non-traditional spaces - such as train stations, convenience stores and petrol kiosks - to reach out to customers. Yesterday, UOB said its HDB home loans will be, for...

Global ratings agency, Fitch Ratings, sees a more challenging operating environment for Singapore banks going forward. According to its latest report, Fitch expects the three local banks – DBS, OCBC and UOB – to see a slowdown in investment banking and capital market-related income over the next two years. Loans growth is seen to be moderating while loan-loss provisions are rising. But Fitch said it...

United Overseas Bank (UOB), Singapore's second-biggest lender by assets, posted a 5.7 percent fall in its fourth-quarter profit, as turmoil in credit markets led to more write-downs. The bank reported net profit of S$506 million for the October-December period, down from S$537 million a year ago. UOB, which had a smaller exposure to risky debt compared to local industry leader DBS, made fresh provisions...