UOB EMERGES AS FOREIGN BANK WITH LARGEST BRANCH NETWORK
September 22, 2006
UOB EMERGES AS FOREIGN BANK WITH LARGEST BRANCH NETWORK. Check it out:(Bernama The Malaysian National News Agency Via Thomson Dialog NewsEdge) from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, July 20 (Bernama) -- United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today announced the opening of its 38th and 39th branch in Muar and Sibu, making it the foreign bank with the largest branch network in the country
"We are thrilled and excited with our two new operations and we hope to carry across our enthusiasm and leverage on our commitment of providing quality products and customer excellence to the people in Muar and Sibu," UOB Malaysia's chief executive officer Chan Kok Seong said in a statement today
He said the locations were carefully surveyed and selected based on the growth potential of the areas and in line with the bank's plan to further broaden its channels and grow its consumer and small and medium-sized enterprise (SME) banking business
Responding to Bank Negara Malaysia's recent approval on licences for two other new locations, Chan said the bank was in the midst of preparing for two new branches in Kota Damansara and Kepong
With the addition of four new branches, UOB Malaysia will have a total of 41 branches in the country by year-end
The new branches were made possible with Bank Negara's branching liberalisation policy last December, which allowed locally-incorporated foreign banks to set up four additional branches in 2006
"We are also currently studying the option to open more branches in non-urban areas in line with Bank Negara's latest policy to allow locally-incorporated foreign banks to branch into non-urban areas," Chan said
Copyright 2006 Bernama
Copyright 2006 Bernama - Malaysian National News Agency Source: Financial Times Information Limited - Asia Intelligence Wire.
Related Tags: bernama malaysian, malaysian national, branch network, largest branch, branches, branch
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