UOB on firm footing in Sarawak

  • Business
  • Saturday, 09 Aug 2003


UNITED Overseas Bank (UOB) will have a stronger presence in Sarawak when its third branch in the state is operational. 

Deputy chairman and president Wee Ee Cheong said the bank had obtained regulatory approval to relocate one more branch from another state to Sarawak. 

“Once the new location is finalised, UOB Malaysia will have a network of three strategic commercial centres in Sarawak,” he said at a ceremony to mark the relocation of the Kuching branch to a new premise at the Main Bazaar yesterday. 

Chairman and chief executive officer Wee Cho Yaw cut a red ribbon to mark the ceremony, which was made merrier with a lion dance performance.  

UOB's second branch in Sarawak started operations in Miri last year.  

Wee Cho Yaw cutting the ribbon to mark the opening of the bank's refurbished branch in Kuching.

Its Kuching branch's new premises is of special significance to the Wee family as Cho Yaw’s late father and UOB founder Datuk Wee Kheng Chiang started his commodity trading firm in the same shophouse. 

Kheng Chiang founded Bian Chiang Bank there in 1920 after his trading company prospered. 

Ee Cheong said following the acquisition of Overseas Union Bank (M) Bhd by UOB (Malaysia) Bhd, UOB was now the largest foreign bank in Malaysia in terms of branch network (37 branches) 

“We view Malaysia as one of our key markets as we work towards our vision to become a premier regional bank in the Asia Pacific,” he added. 

The new Kuching branch offers 24-hour banking services for cash and cheque deposits and automated teller machines. A privilege banking centre in an exclusive lounge has been set up there. 

Also available are customer service representative counters to offer banking and financial service consultation to clients. 

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