UOB unveils US$2bil payout as profit rises

UOB deputy chairman and CEO Wee Ee Cheong said at a results briefing that the bank looks to the "resilient" Asean region to continue driving growth. — The Straits Times

SINGAPORE: United Overseas Bank (UOB) on Feb 19 announced a S$3bil package over the next three years to return surplus capital to shareholders, as the bank reported a record profit of S$6bil for 2024.

The package includes special dividends and share buybacks to be delivered over the next three years.