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Over the medium term, UOB targets to derive more revenues beyond Singapore and a cost-to-income ratio of approximately 43%. OCBC notes in a breakdown of UOB’s 2019 pre-tax income by region: Singapore, 61%; Malaysia, 11%; Greater China, 10%; Thailand, 5%; and Indonesia, 2%.
See: UOB reports 40% lower 3Q net earnings of $668 mil, shores up $339 mil of credit allowance for the quarter