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BRIEF-United Overseas Bank announces sale of retail banking business by Brunei branch

Published 20/10/2015, 08:40 pm
© Reuters.  BRIEF-United Overseas Bank announces sale of retail banking business by Brunei branch
UOBH
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Oct 20 (Reuters) - United Overseas Bank Ltd UOBH.SI :

* Says sale of retail banking business by United Overseas Bank Limited brunei branch

* Deal for consideration of approximately bnd65.044 million

* Says uob group will also continue its asset management presence in brunei through uob asset management (b) sdn bhd

* Sale is not expected to have a material impact on earnings or the nta of the uob group for current financial year

* Says uob brunei will continue to offer wholesale banking services to clients in brunei darussalam

* Says brunei branch ("uob brunei") has sold its retail banking business to baiduri bank berhad

* Source text for Eikon ID:nSNZ9dQJvC

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