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 ...

“This is one of the main growth themes for Singapore banks... so we expect them to look to Indonesia as a critical contributor for driving higher returns,” he added. OCBC rival UOB is also ...

"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 ...

The subsidiary, OCBC Indonesia, will acquire 99% of the issued ordinary shares in PTBC. It also intends to pursue the remaining 1% from other shareholders. The deal for all the shares is expected ...

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 ...

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

aims to boost the company’s revenue from China and Indonesia. “We can create a better presence there, we can do more business there, and we can achieve a high level of performance in those ...

“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.