UOB aims for additional $1.5 billion in deposit balance with SIA tie-up

SINGAPORE (April 18): United Overseas Bank is partnering with flag carrier Singapore Airlines to offer the KrisFlyer UOB Account, from which the bank sees will help it broaden the types of products for consumers, and to also attract more deposits.

“This is part of our overall deposit gathering strategy,” says UOB’s head of personal financial services Jacquelyn Tan at a briefing earlier today.

The bank aims to attract more than $1.5 billion in additional balances across more than 200,000 of these new accounts over the next five years.

---

Related Stories

• SIA to adjust conversion prices of 1.625% convertible bonds due 2025 after interim dividend
• SIA’s 1HFY2024/2025 earnings down 48.5% y-o-y to $742 mil, maintains interim dividend of 10 cents per share
• MAS versus SIA — the truth is painful, but you cannot have a successful solution without an honest assessment

---