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
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)
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
                    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
                    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
                    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
                    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
                    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
                    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
                    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
                    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
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
                    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
                    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
                    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
                    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
                        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
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
                     
                  