PT Bank UOB Indonesia Launches "Giro UOB"

Jakarta, 13 June 2011 – As part of the strategy of product diversification & service improvement to customers, PT Bank UOB Indonesia (UOB) today launched its flagship product called "UOB Giro". This current account product provides 3 benefits to customers at once: a very classy direct gift, free unlimited transaction fees and competitive interest rates.

Madi D Lazuardi, UOB Director of Commercial Banking explained, "Banking transactions have now become a major part of the daily activities of modern business people. Banking products and services that offer innovation and convenience are a special attraction that has become a magnet for customers in making their banking choices.

To answer these challenges, UOB launched Giro UOB, a new flagship product that emphasizes the convenience of banking transactions while providing benefits for our customers and society at large. Giro UOB is the first transactional account product in Indonesia which has three advantages at once."

Madi Lazuardi further explained, "We are aware that the banking industry in Indonesia is very competitive so it is necessary to make a leading and unique product that can differentiate us from our competitors, thereby creating a competitive advantage in the Indonesian banking world.

In this regard, we are confident that Giro UOB can fulfill these needs. We believe Giro UOB will be a superior transactional account product that customers will always rely on for their business activities through features that are one step ahead of current accounts from other banks.”