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UOB Malaysia offers six-month opt-in repayment moratorium thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
United Overseas Bank (Malaysia) Bhd has extended its Covid-19 Relief Assistance Programme for customers affected by the current Movement Control Order 3.0. ....
UOB Malaysia chief executive officer Wong Kim Choong KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) posted a 3.7% year-on-year increase in total operating income to RM3.21bil in 2020. The banking group’s net profit, however, was 16.8% lower at RM1.02bil as it was proactive in making pre-emptive provisioning on its assets given the uncertainties arising from the economic impact of the Covid-19 pandemic. In a statement Monday, UOB Malaysia said its higher operating income was attributed to the 5.7% growth in net interest income to RM2.20bil, driven by proactive balance sheet management. However, the increase in net interest income was partially offset by the effects of the reductions in the overnight policy rate to a historical low of 1.75% between Jan 22 and July 7, 2020. ....
United Overseas Bank (Malaysia) Bhd (UOB Malaysia) reported a net profit of RM1.02 billion for 2020, down by 16.8% year-on-year (y-o-y), due to pre-emptive provisioning of its assets amid uncertainties arising from the Covid-19 pandemic. ....
Wong Kim Choong KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) and The FinLab have recently concluded the 2020 run of the Jom 2 Transform Programme, during which 116 local small and medium enterprises (SMEs) received advisory and assistance in digital transformation. In a statement Thursday, the bank said through the programme, the SMEs improved their productivity and grew their revenue, helping them to overcome the challenges brought about by the impact of the Covid-19 pandemic. Chief executive officer Wong Kim Choong said SMEs have long considered digitalisation essential to reinventing their business models. “The Covid-19 pandemic prompted these businesses to accelerate their digital transformation efforts as they had to operate with strict standard operating procedures within physical restrictions. ....