UOB Hong Kong plans to double business

Targeting HK companies expanding into Southeast Asia.

UOB Hong Kong intends to double its cross-border business within the next three years. UOB said its business flows between Hong Kong and Southeast Asia increased from the first half of 2012 to the first half of 2013 rose 51%.

UOB Hong Kong on September 17 announced the launch of its dedicated FDI Advisory Unit to help companies with their Southeast Asian business expansion plans. The unit will give UOB customers access to the bank’s suite of corporate and personal banking products and enable them to tap into its banking network in Southeast Asia.

Christine Ip, Chief Executive and Managing Director, UOB Hong Kong said Southeast Asia’s steady economic growth and financial stability makes it an important region for Hong Kong-based companies.

“Our customers recognize that UOB’s extensive Southeast Asian network is a natural fit when it comes to facilitating their business and financial needs,” she said.