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Singapore's UOB wants to dominate US$2 trillion trade finance market in Southeast Asia
  • September 9, 2024

Singapore's UOB wants to dominate US$2 trillion trade finance market in Southeast Asia

United Overseas Bank (UOB), Singapore's third-largest lender by assets, is aiming to dominate trade financing in Southeast Asia, capitalising on the region's appeal as a beneficiary of a widening rift between the US and China. The bank, which serves thousands of small and medium enterprises (SMEs) and corporate giants, wants to capture a bigger slice of the US$2 trillion trade flows in the region, according to Frederick Chin, head of group wholesale banking and markets. "The bright spot will be