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OCBC Bank's Indonesia arm set to expand

It is assessing 5 to 10 finance firms in hopes of acquiring one or more

Published on Aug 8, 2012 11:30 AM
 
File photo of Oversea-Chinese Banking (OCBC) logo displayed atop the OCBC Centre, viewed from the building's observation deck, on Thursday, August 2, 2012. The Indonesian arm of Singapore's OCBC Bank is looking to expand its business here. It has its eye on several Indonesian finance companies that give loans for items such as cars and motorcycles. -- PHOTO: BLOOMBERG

JAKARTA - The Indonesian arm of Singapore's OCBC Bank is looking to expand its business here.

It has its eye on several Indonesian finance companies that give loans for items such as cars and motorcycles.

Based in Jakarta, Bank OCBC NISP is 85.1 per cent owned by its parent Singapore bank.

OCBC NISP's managing directors said yesterday that it is assessing five to 10 finance companies in the hope of acquiring one or more that it feels comfortable with.

 
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