Home THE DAILY EDGE Business Singapore’s UOB buys HSBC's banknotes assets
Singapore’s UOB buys HSBC's banknotes assets

Tags: HSBC | UOB

Written by Reuters   
Monday, 20 September 2010 09:46
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Singapore’s third largest bank, United Overseas Bank (UOBH.SI), said it has reached a deal to buy HSBC’s (HSBA.L) banknotes business in Singapore, Hong Kong, Japan, Beijing and Taiwan for US$15 million($20 million).
 
“HSBC will work with UOB to facilitate the signing of new contracts between UOB and customers and staff of HSBC’s banknotes business,” UOB said in a statement to the Singapore Exchange.
 
“The transaction is expected to significantly grow UOB’s banknotes business in the region,” the Singapore lender added.
 
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Singapore’s UOB buys HSBC's banknotes assets
Monday, 20 September 2010

Last Updated on Monday, 20 September 2010 09:47