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 ...

"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 ...

and OCBC already has an 85 per cent owned unit that, since its founding in 1997, has grown into one of the country's 10 largest banks, although Indonesia accounts for only 7 per cent of OCBC's ...

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

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 ...

“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.

“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 ...

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 ...

SINGAPORE, Nov 7 (Reuters) - Sumitomo Mitsui Financial Group (SMFG) and Singapore lender OCBC Group Holdings are working on competing offers for Indonesia's PT Bank Permata, sources familiar with ...