BAIDURI Bank has recently purchased the retail banking business operations of Singapore’s United Overseas Bank Limited (UOB) branch in Brunei.
The sultanate’s biggest conventional bank will likewise take over the existing accounts of UOB’s retail clients beginning next month.
A sale and purchase agreement was made on July 30 between the two financial institutions. This was followed by an issuance of a court order on October 7, according to a joint public notice published in local media today.
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