OFFICIAL CORRECTION-Dubai Islamic Bank in talks for 40 pct stake in Indonesian lender -CEO
(Amends to clarify CEO meant target company not listed but its parent is)
DUBAI May 1 (Reuters) - Dubai Islamic Bank (DIB) is in talks with an Islamic bank in Indonesia to take a 40 percent stake, DIB's chief executive said on Thursday.
Adnan Chilwan told reporters that DIB hoped to conclude a deal before the end of the year and that it would pay for the purchase using its own cash reserves.
He declined to name the acquisition target but said its parent was a listed company.
(Reporting by Mirna Sleiman; Writing by David French; Editing by Matt Smith and David Goodman)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.