[SINGAPORE] United Overseas Bank, Singapore's third-biggest bank by assets, has won a limited banking licence in Myanmar, a source with direct knowledge of the matter said.
A UOB spokeswoman declined to comment.
The source declined to be identified before a public announcement from Myanmar's central bank, which is expected to unveil the results of the bidding later in the day. Between five to 10 banks are set to gain a licence.
UOB has had a representative office in Myanmar since 1994. - Reuters