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BRIEF-United Overseas Bank says UOB Philippines will cease its banking business in the Philippines

Published 31/12/2015, 05:05 pm
BRIEF-United Overseas Bank says UOB Philippines will cease its banking business in the Philippines
UOBH
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Dec 31 (Reuters) - United Overseas Bank Ltd UOBH.SI :

* United Overseas Bank Philippines will cease its banking business in the Philippines and remain as a non-bank subsidiary of UOB

* Says awarded a new commercial banking licence by the Bangko Sentral ng Pilipinas

* The Manila branch which will commence operations on 4 January 2016, will assume and undertake the banking activities of a commercial bank

* Source text for Eikon ID:nSNZ9fRRJV

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