Singapore: UOB sells Brunei retail banking business to Baiduri Bank for $46.6m

Singapore: UOB sells Brunei retail banking business to Baiduri Bank for $46.6m

Visual from the UOB website. October 2015

The Brunei unit of United Overseas Bank (UOB) has offloaded its retail banking business to Baiduri Bank Berhad for BND65 million ($46.6 million).

With the approval of a court declaration, banking and credit facilities made to customers of UOB Brunei and the current, saving and fixed deposit accounts maintained by the clients of UOB Brunei will be transferred to Baiduri.

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