PETALING JAYA: United Overseas Bank Ltd (UOB) expects its acquisition of Citigroup’s consumer banking businesses will immediately bring a 1.4 times uplift to income, says UOB group chief financial officer (GCFO) Lee Wai Fai.
“At the group level, we will see an immediate S$1bil (RM3.11bil) incremental income uplift,” he said during a virtual briefing on the UOB-Citigroup proposed acquisition yesterday.
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