Bank UOB Buana asset reaches Rp 38t after merger
The Jakarta Post, Jakarta | Sun, 06/13/2010 5:00 PM
Bank UOB Buana asset has reached Rp 38 trillion (US$4 billion) after Bank Indonesia (BI) officially approved the merger between Bank UOB Indonesia and Bank UOB Buana into Bank UOB Buana.
Tempointeraktif.com reported Sunday that the BI approval was issued on June 10.
The newly merged bank is expected to start its operation on July 19.
UOB Bank Buana president director Armand B Arief said his bank would now focus on the development of retail and consumer business.
UOB Indonesia and UOB Buana have 10 and 30 branch offices respectively.
