The agreement ended years of speculation over OCBC’s acquisition strategy in Indonesia, one of its four key markets. It also addresses an issue raised by analysts about how the lender would deploy its ...

Indonesia is one of OCBC’s key markets alongside Singapore, Malaysia and Greater China. In 2004, OCBC became the first Singaporean bank to procure a banking stake within the nation by acquiring ...

CBA on Thursday (Nov 16) said it entered into a binding agreement to sell its 99 per cent shareholding in Bank Commonwealth to Bank OCBC NISP, an OCBC subsidiary in Indonesia ... given that it is the ...

"Our focus is really to expand our presence in Bank NISP and use [it] as a vehicle to further grow our presence in Indonesia," Linus Goh, executive vice president and head of OCBC's international ...

OCBC is interested in the stakes held equally by Standard Chartered and PT Astra International, the people said.

“We plan to leverage the combined capabilities of both entities to broaden OCBC in Indonesia’s products and services, and capture financial services growth opportunities in Indonesia,” she noted.