UOB up lorry soon ? Straits Times painted a very bad picture of UOB

[CoffeeAhSoh]

Why no indian in the board? UOB must get Piyush Gupta.

one has to trace its roots ,
.

Before it was known as United Overseas Bank (UOB), the bank was first known as the United Chinese Bank (UCB).

Founded in 1935 during the Great Depression, it was established by Datuk Wee Kheng Chiang along with six other businessmen. The bank originally focused on serving the merchant community in Singapore, specifically the Hokkien community.

Why did the name change?

The bank officially changed its name to United Overseas Bank in 1965. The primary reason for this change was to avoid confusion with an existing bank in Hong Kong also named "United Chinese Bank" as UOB prepared to open its first international branch there.

Key Milestones in the Transition:

* 1935: Incorporated as United Chinese Bank (UCB) on August 6; began operations in the Bonham Building.
* 1965: Renamed to United Overseas Bank (UOB) to facilitate international expansion.
* 1970: Listed on the Stock Exchange of Malaysia and Singapore.
* **1971: Launched the iconic five-bar logo, which was inspired by the traditional Chinese method of counting in fives (the "tally mark" system), symbolizing security and unity.

 

[duluxe]

They are trying to buy shares in one of smaller banks but not successful whereas uob and ocbc were already in malaysia before 1965.

DBS should instead goes india, japan or middle-east.

 

[duluxe]

one has to trace its roots ,
.

Before it was known as United Overseas Bank (UOB), the bank was first known as the United Chinese Bank (UCB).

Founded in 1935 during the Great Depression, it was established by Datuk Wee Kheng Chiang along with six other businessmen. The bank originally focused on serving the merchant community in Singapore, specifically the Hokkien community.

Why did the name change?

The bank officially changed its name to United Overseas Bank in 1965. The primary reason for this change was to avoid confusion with an existing bank in Hong Kong also named "United Chinese Bank" as UOB prepared to open its first international branch there.

Key Milestones in the Transition:

* 1935: Incorporated as United Chinese Bank (UCB) on August 6; began operations in the Bonham Building.
* 1965: Renamed to United Overseas Bank (UOB) to facilitate international expansion.
* 1970: Listed on the Stock Exchange of Malaysia and Singapore.
* **1971: Launched the iconic five-bar logo, which was inspired by the traditional Chinese method of counting in fives (the "tally mark" system), symbolizing security and unity.

Harvard Business Review (2019) named Piyush Gupta as one of the world's top 100 best-performing CEOs

Piyush Gupta served as the CEO of DBS Group from November 2009 until March 2025. During his 15-year tenure, he is widely credited with transforming DBS from a regional "legacy" lender into a global digital powerhouse.


Financial Growth & Market Leadership

• Market Capitalization: Under his leadership, DBS's market capitalization grew from S$35 billion in 2009 to over S$132 billion by 2025.
• Profitability: Annual net profit increased fivefold, rising from S$2.1 billion to S$11.4 billion in 2024.
• Efficiency: Return on Equity (ROE) jumped from 8.4% in 2009 (lagging peers) to 18% in 2024, ranking it 7th among the 100 largest banks globally.
• Milestone: In 2024, DBS became the first Singapore-listed company to cross the S$100 billion market capitalization mark.

Digital Transformation

• "Tech Company in Banking": Gupta famously repositioned DBS to act like a 29,000-person startup. He led the bank to move away from legacy systems to a cloud-native architecture.
• Global Accolades: DBS became the first bank to hold three global "Best Bank" titles simultaneously from Euromoney, Global Finance, and The Banker. It was named the World's Best Digital Bank by Euromoney in 2016.
• AI & Innovation: By 2024, AI initiatives delivered S$780 million in economic value, with expectations to exceed S$1 billion in 2025. He also launched the DBS Digital Exchange for crypto trading and tokenized assets.

Regional Expansion

• Strategic Acquisitions: He secured major footholds in key growth markets, including the acquisition of Lakshmi Vilas Bank in India and a stake in Shenzhen Rural Commercial Bank in China.
• Wealth Management: He transformed DBS's low-key private bank into a dominant regional player, now contributing roughly 23% of group income.

Cultural & Social Impact

• "Culture by Design": Gupta implemented "Managing through Journeys" (MtJs) to break down vertical silos and foster horizontal, data-driven collaboration.
• Social Responsibility: He established the DBS Foundation in 2014 with S$50 million and later pledged up to S$1 billion over 10 years to support vulnerable communities.
• Personal Awards: He was named one of the world's top 100 best-performing CEOs by Harvard Business Review (2019) and received the Public Service Star (2020) and Pravasi Bharatiya Samman Award (2023).

In May 2025, he was honored with the William "Bill" Seidman Lifetime Achievement Award for his transformative impact on the financial services industry. He was succeeded by Tan Su Shan on March 28, 2025.

 

[WangChuk]

wont up lorry one lah ... got big big Tar Ma Sick pump behind .... too big to fail ....