UOB extends $4b in loans to mid-sized enterprises

Submitted By:  Staff Reporter Case Study:  No The bank also tapped MAS SGD Facility to help clients access funds at lower interest rates. United Overseas Bank (UOB) has approved $4b in loans under the Temporary Bridging Loan Programme (TBLP), according to an announcement. This follows after the government increased its risk-share of such loans to 90%. The loans were extended to the bank’s mid-sized enterprise clients in sectors which have been hard hit by the COVID-19 pandemic, especially for businesses under construction, consumer staples, retail and hospitality sectors. read more