UOB: (The Edge)

UOB: (The Edge) Turns aggressive to bank outward looking China corporate. UOB loans to Chinese co’s have increased 6 folds in 6 mths. Bank note that many of China’s big banks neither have a strong network in Asean nor lots of experience in the region. Moreover, ability of China’s banks to expand in region has been hamstrung by tight liquidity and slowing growth at home. At any rate, new business that UOB is building with Chinese Co’s venturing into Asean isn’t that large relative to its overall balance sheet. SG makes up 63% of UOB’s loan book.