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UOB Receives In-Principle Licence from State Bank of Vietnam
UOB is the first Singapore bank to receive in-principle foreign owned subsidiary bank (FOSB) licence from State Bank of Vietnam. The licence would allow the bank to extend its network beyond Ho Chi Minh City and to offer its products and financial solutions to business and consumers in other cities.
“The licence would allow the bank to extend its network beyond Ho Chi Minh City.”
The Bank will also consider opening a branch in Hanoi which is Vietnam’s gateway to fast-developing cities in the north such as Hai Phong, Quang Ninh and Hai Duong.
News Source: UOB Press Release
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About United Overseas Bank
United Overseas Bank (UOB) was founded by Datuk Wee Kheng Chiang, incorporated on 6 August 1935 as the United Chinese Bank — the change of the name was effected in 1965. Today, the UOB Group has a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America. UOB provides a wide range of financial services through its global network of branches, offices, subsidiaries and associates: personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services.
- Origin : Singapore
- Assets : $316 billion
- Revenue : $8.05 billion
- Employees : 26,166
Official Website: www.uobgroup.com
News & Media: Press Release
Updated on 8th August 2016
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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