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TRADE FINANCE | Staff Reporter, Singapore

UOB ties up with Santander UK to facilitate overseas expansion for SMEs

Businesses can gain access to the two banks’ product and service offerings.

UOB has partnered up with British lender Santander UK to extend assistance to the overseas expansion plans of small and medium sized enterprises (SMEs) in a move that will facilitate cross-border business flows between Southeast Asia and the UK. 

The collaboration will provide SMEs in both markets with access to the banks’ wide range of financial products, services and local market knowledge to ease their market entry from the UK and into the ASEAN region and vice versa.

“Our collaboration with Santander UK enables UK firms seeking new production or sales markets to navigate the complexities of doing business in one of the world’s most diverse regions,” said UOB head of group foreign direct investment advisory Sam Cheong.

“Together with Santander UK, we will focus on engaging businesses – from manufacturers to wholesalers and retailers – to help them seize the opportunities in the region.”

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