Bank UOBB changes name

Thu, 28 Sep 2000, 00:00 WIB | Source: JP

JAKARTA (JP): United Overseas Bank Ltd. (UOB) announced on
Wednesday its subsidiary PT United Overseas Bank Bali (UOBB) had
changed its name to PT Bank UOB Indonesia.

The Singapore-based bank said in a statement on Wednesday the
change was approved by the Ministry of Justice and Human Rights
and took effect as of Sept. 22.

The joint-venture bank, which is 79.9 percent owned by UOB,
was established in Jakarta in 1990 and currently has six offices
in Jakarta, Bandung, Batam, Surabaya and Bintan.

Bank UOB Indonesia has 85 percent ownership of joint-venture
stockbrokerage PT UOBB Securities, as well as an interest in
joint-venture life insurance company PT UOB Life-Sun Assurance.
(10)

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