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News Release - 27 Sep 2000
News Release - 27 Sep 2000
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Change Of Name Of PT United Overseas Bank Bali
To PT Bank UOB Indonesia
Singapore & Jakarta, 27 September 2000
- United Overseas Bank Limited (UOB) is pleased to announce that PT
United Overseas Bank Bali, its majority-owned bank subsidiary in Indonesia,
has received the approval of the Ministry of Justice in Indonesia and
Bank Indonesia to change its name to PT Bank UOB Indonesia. The change
of name will take effect has taken effect from 22 September 2000.
The subsidiary, which is 79.9% owned by UOB, was established in Jakarta
in 1990 and has six offices in Indonesia. Besides its Head Office in Jakarta,
it also has three branches in Bandung, Batam and Surabaya, and two sub-branches
in Pluit, North Jakarta and in Tanjung Pinang, Bintan.
PT Bank UOB Indonesia also has an 85% ownership in a stockbroking joint
venture called PT UOBB Securities in Jakarta, as well as an interest in
a joint venture life assurance company called PT UOB Life - Sun Assurance
in Jakarta (Head Office) and Bandung (Sales Office).
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