OUB resumes RI operations

OUB resumes RI operations

SINGAPORE (Dow Jones): United Overseas Bank Ltd. (UOB), one of Singapore's big four banks, said yesterday it has reopened its branches in Bandung, Surabaya and Batam.

However, the Jakarta branch remains closed. It "will open again when Bank Indonesia requires us to do so," the bank said in a short statement.

United Overseas Bank Bali is the Indonesian operation of the Singapore bank and was shut since last week as rioting spread throughout the country.