KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has been named Malaysia's Best Bank at the 32nd annual World's Best Bank Awards 2025 - Asia Pacific by Global Finance magazine.
Global Finance's World's Best Bank Awards honour financial institutions that demonstrate long-term stability, technological innovation and service excellence.
UOB Malaysia chief executive officer Ng Wei Wei said the recognition by Global Finance confirms UOB Malaysia's leadership as a progressive and purpose-driven bank that not only contributes to Malaysia's growth but also supports customers and communities across Malaysia and the wider ASEAN region.
"We are honoured to be recognised for our strong financial performance and commitment to innovation, sustainability, service excellence and community management,” she said in a statement.
According to the statement, UOB Malaysia has achieved significant progress in both retail and wholesale banking over the past year.
In retail, the bank successfully integrated Citi's consumer banking business and continued to enhance its digital capabilities with the award-winning UOB TMRW app.
UOB Malaysia is now among the largest credit card issuers in the country and remains a key player in wealth management and residential mortgages.
Meanwhile, in wholesale banking, UOB Malaysia has built a strong track record in Financial Supply Chain Management (FSCM), regional connectivity and sustainable financing.
"The bank’s foreign direct investment advisory unit continues to provide strategic support to foreign companies looking to invest in Malaysia as well as Malaysian companies looking to expand into ASEAN.
"In 2024, the bank also played a key role in strengthening regional economic connectivity to boost cross-border collaboration through initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ),” she said.
UOB Malaysia is also a leader in sustainability where its sustainable financing portfolio has tripled over the past two years, supported by a comprehensive framework across many strategic focus areas including smart cities, green buildings, circular economy and transition finance. - Bernama
