United Overseas Bank Limited Reports Earnings Results for the First Quarter Ended March 31, 2024

United Overseas Bank Limited (UOB) is a Singapore-based bank, which operates through three segments: Group Retail (GR), Group Wholesale Banking (GWB) and Global Markets (GM). The GR segment covers individual customers, offering them a range of products and services, including deposits, insurance, card, wealth management, investment and loan products which are available across its global branch network. The GWB segment consists of corporate and institutional client segments. GWB provides customers with a broad range of products and services, including loans, trade services, cash management, capital markets solutions, advisory and treasury products. The GM segment provides a suite of treasury products and services across multi-asset classes which includes foreign exchange, interest rate, credit, commodities, equities and structured investment products. Its consumer banking business comprises of unsecured and secured lending portfolios, wealth management, and retail deposit business.