Press Release 2013
UOB Malaysia wins six cash management awards in Asiamoney Polls 2013
Listening to clients helps UOB deliver customised and innovative solutions
Kuala Lumpur, 3 October 2013 - United Overseas Bank (Malaysia) Bhd (UOB Malaysia) emerged as the top foreign cash management bank in Malaysia when it won six cash management awards at the Asiamoney Polls 2013.
UOB Malaysia was named the best foreign cash management bank across the small, mid and large-sized companies in Malaysia. It was also voted for providing the best overall domestic cash management services by Malaysia's small and mid-sized companies. In addition, UOB Malaysia was the top choice in overall cross border cash management for small-sized companies in the country.
The Asiamoney cash management poll is organised annually by the Hong Kong-based Asiamoney financial magazine. In its 23rd year, the Asiamoney cash management poll seeks to recognise banks that are able to offer the best cash management advice and solution to its clients. The results are based on votes from senior treasury and finance executives in listed companies, multinationals, and small and medium enterprises.
Mr Wong Kim Choong, Chief Executive Officer of UOB Malaysia said, "The awards mean a lot to us because these votes are the voices of our clients. They show that our approach of delivering customised and innovative cash management solutions is meeting the needs of our clients"
Ms So Lay Hua, Head of Group Transaction Banking of UOB Group, said, "We are delighted to receive such a resounding vote from our clients in this year's Asiamoney polls. We have invested significantly to deliver to our clients a comprehensive range of cash management products and services. The wins demonstrate the appreciation and confidence that our clients have in our ability to deliver customised cash management solutions to address their needs, and help them grow their businesses more effectively domestically as well as across the region."
Driven by the philosophy to innovate and help businesses achieve greater cash management efficiency, UOB Malaysia is the first bank in Malaysia to integrate the Cheque Writer Service with the Positive Pay System. With this integrated service, companies can not only print cheques at their clients' premises, they can also match the cheques with the payment from their clients, all in the same process accurately and securely.
Wins in 2013 Asiamoney polls
UOB Malaysia topped the following categories:
Malaysia Best Foreign Cash Management Bank – Small Corporates
Malaysia Best Foreign Cash Management Bank – Medium Corporates
Malaysia Best Foreign Cash Management Bank – Large Corporates
Malaysia Best Overall Domestic Cash Management Services – Small Corporates
Malaysia Best Overall Domestic Cash Management Services – Medium Corporates
Malaysia Best Overall Cross-Border Cash Management Services – Small Corporates