SINGAPORE (July 20): United Overseas Bank (UOB) says it received on Wednesday in-principle foreign-owned subsidiary bank (FOSB) licence from the State Bank of Vietnam.
UOB is the first Singapore bank to receive this licence and will enable it to extend its branch network as well as offer its products and financial solutions to consumers located in cities beyond Ho Chi Minh.
UOB says this will better position the group to broaden... (Click here to read the full story.)