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Our Corporate Milestones

Since 1935, our entrepreneurial spirit, focus on long-term value creation and unwavering commitment to do what is right for our customers have made UOB a leading bank in Asia. Our timeline captures the corporate milestones of our 88-year storied history.
1935
1935
Amid the uncertainties of the Great Depression, a group of seven businessmen led by Datuk Wee Kheng Chiang (first row, centre) founded a bank to serve the merchant community in Singapore.
1935 (6 August)
United Chinese Bank (UCB) is incorporated
1935 (1 October)
UCB begins operations at Bonham Building
1950s – 1960s
1959
Opens 1st UCB branch at Beach Road
1962
1st bank to focus on women as customers
1965
UCB is renamed United Overseas Bank
Opens 1st overseas branch in Hong Kong
1970s – 1980s
1971
Acquires majority stake in Chung Khiaw Bank (CKB) in Singapore

Opens Tokyo branch

Reveals iconic five-bar logo
1973
Acquires Lee Wah Bank in Singapore
1974
Dr Wee Cho Yaw succeeds Datuk Wee as Chairman and CEO

Begins operating from the new 30-storey building which stood on the same site as Bonham Building (the current UOB Plaza 2)
1975
Opens London branch
1977
Opens New York agency
1980
Introduces Singapore’s 1st ATM offering 24-hour banking

Opens Los Angeles agency
1982
Holds inaugural UOB Painting of the Year (POY) competition
1983
Opens Seoul representative office
1984
Opens Beijing representative office

Acquires majority interest in Far Eastern Bank in Singapore
1985
Expands into Sydney and Xiamen
1986
Expands into Vancouver
1987
Acquires majority interest in Industrial & Commercial Bank in Singapore
1988
1st Singapore bank to launch Visa cards

1st bank to launch Singapore’s only
credit card for women
1990s – 2000s
1992
1st Singapore bank to set up representative office in Vietnam

Opens Taipei representative office
1993
1st bank in Singapore to launch automated cash deposit machine
1994
Expands into Yangon
1995
Celebrates 60th anniversary and official opening of UOB Plaza 1
1997
UOB Malaysia merges with CKB Malaysia
1998
Opens Shanghai branch
1999
Acquires Westmont Bank in the Philippines

Acquires Radanasin Bank in Thailand
2000
Mr Wee Ee Cheong is appointed Deputy Chairman
2001
Acquires Overseas Union Bank in Singapore
2004
Acquires 96.1% in Bank of Asia Public Company in Thailand
2005
Increases controlling stake of PT Bank Buana in Indonesia to 61.1%
2007
Mr Wee Ee Cheong succeeds Dr Wee Cho Yaw as CEO

Launches 1st UOB Heartbeat Run/Walk
2009
Opens Mumbai branch
2010s – 2020s
2010
Merges PT Bank UOB Indonesia with PT Bank UOB Buana
2011
1st bank in Singapore to establish a Foreign Direct Investment Advisory Unit to support our clients’ regional expansion
2013
Dr Wee Cho Yaw becomes Chairman Emeritus and Adviser
2014
Named Most Admired ASEAN Enterprise for ASEAN Centricity by ASEAN Business Advisory Council
2015
Celebrates 80th anniversary, introduces refreshed logo and a corporate seal
Opens Yangon branch

Completes full acquisition of Far Eastern Bank

Introduces Mighty, the first banking app which enables customers to make contactless payments
2016
1st in the world to launch instant digital card issuance

1st in Southeast Asia to enable smartphones for contactless transactions at UOB ATMs
2017
Launches UOB Art in Ink Awards in Hong Kong
2018
1st Singapore bank to establish a subsidiary in Vietnam

Officially opens new China head office building in Shanghai’s Lujiazui Financial District
Sets up Singapore’s largest car ecosystem and unites Singapore’s largest property ecosystem under one roof

Dr Wee Cho Yaw retires from the Board
2019
Launches TMRW, ASEAN’s first mobile-only digital bank, in Thailand

Expands into Hanoi, northern Vietnam

Launches U-Solar, Asia’s first solar ecosystem to power the region’s development and adoption of renewable energy
2020
Supports more than 1.4 million individuals and businesses, and contributes more than $2.7 million for the community under the #UnitedForYou COVID-19 Relief Programme

Donates more than one million pieces of personal protective equipment to healthcare workers and vulnerable communities around the world

Extends TMRW to Indonesia

Launches UOB Infinity, a new digital banking experience for businesses
2021
Launches UOB TMRW, a unified digital banking platform, and UOB Rewards+, Singapore’s largest cards rewards programme

Rolls out U-Energy, the first integrated financing platform for energy-efficient projects in Asia, across four markets

Celebrates 40th milestone of UOB POY competition
2022
Acquires Citigroup’s consumer banking business in Indonesia, Malaysia, Thailand and Vietnam
Launches sharpened Purpose, a new Seal Mark, Vitalita sculpture and refreshes the UOB brand and apparel
Opens new head office buildings in Malaysia and Thailand
UOB Plaza 1 Kuala Lumpur
UOB Plaza
Bangkok
Launches UOB SME app, an industry-first all-in-one digital banking platform, to meet the banking needs of small-and-medium-sized enterprises
2023
2023
Commences Operational Day One for the acquisition of Citigroup's consumer banking business in UOB Malaysia and Indonesia
Rolls out The UOB Way across markets

Launches UOB POY in Vietnam and UOB Art in Ink Awards in China

Launches the first UOB Sustainability Impact Awards in Singapore
Opens 10th Foreign Direct Advisory Centre in Japan