Singapore UOB says suspends London property loans programme

30 Jun, 2016 8:53 am

SINGAPORE – United Overseas Bank, Singapore’s number 3 lender, has suspended its loans programme for London properties in the wake of uncertainties caused by Britain’s vote to leave the European Union, a bank spokeswoman said on Thursday.

She said the bank is monitoring the situation closely, but has suspended the programme for the “time being,” confirming a story in the Business Times newspaper. -Reuters





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