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U11 - United Overseas Bank News Story

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Market Cap £23.72bn
Enterprise Value £-636.6m
Revenue £5.17bn
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Frontline Singapore bank staff to get COVID-19 vaccines

Wed 3rd March, 2021 12:05pm
By Anshuman Daga
    SINGAPORE, March 3 (Reuters) - Staff at Singapore's banks
engaged in key operations are being offered COVID-19
vaccinations, making it one of the first global centres to
inoculate its financial services industry.
    "Workers performing critical operations in systemically
important financial institutions in Singapore have been invited
to indicate their interest to be vaccinated," the Monetary
Authority of Singapore (MAS) told Reuters on Wednesday.
    Local banks DBS Group Holdings  DBSM.SI , OCBC  OCBC.SI  and
UOB  UOBH.SI , regional lender Maybank  MBBM.KL  and global
banks HSBC  HSBA.L , Citigroup  C.N  and Standard Chartered
 STAN.L  are part of the vaccination drive, bank representatives
and the central bank said.
    The move follows the vaccination of most frontline workers
in Singapore's healthcare and aviation sectors.
    Singapore's central bank said its move was in line with the
recommendations of an expert panel appointed by the Ministry of
Health last year.
    Bank workers being offered the vaccines include those
involved in operations that enable the delivery of essential
financial services and support, such as cash withdrawals and
deposits, treasury management and payments, the MAS said. 
    "The vaccination programme will be rolled out to these
essential workers in the financial sector in phases," it said.
    It was not immediately clear when the vaccination drive for
financial workers would begin.
    The city-state of 5.7 million people has largely brought the
virus under control with strict rules, mask wearing and contact
tracing. Life has returned to near normal but with limitations
on gatherings.
    Last month, Singapore's health ministry reported "good
progress" in its COVID-19 vaccination programme, which kicked
off on Dec. 30.  urn:newsml:reuters.com:*:nL1N2JA06E
    "Our employees performing essential roles in critical
operations have been invited to indicate their interest to be
vaccinated under this programme," said Patrick Chew, head of
operational risk management at OCBC Bank.
    Around 73% of healthcare workers working in the public and
private sector have been vaccinated with at least the first dose
of vaccine and about 72% of frontline and essential workers in
the aviation and maritime sectors have also been vaccinated, the
health minister said in February.
    Vaccines in Singapore are voluntary and free.
    Some banks are giving their employees a day off and
arranging virtual webinars with infectious disease experts to
promote the benefits of the vaccines.
    Olfert de Wit, chief operating officer at HSBC Singapore,
said the bank had been invited by the government to nominate
"employees who perform roles that are critical to the continued
functioning of Singapore's financial sector".
    Singapore aims to make vaccinations available to its entire
population by the end of 2021.

 (Reporting by Anshuman Daga; Editing by Giles Elgood)
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