United Overseas Bank (SGX:U11) repurchased 220,000 shares in the open market on Friday for around SG$7.7 million, according to a same-day filing with the Singapore Exchange.
The Singapore-based lender canceled 120,000 shares while holding 100,000 shares as treasury stock.
The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back 820,000 shares.