July 2, 2014 / 2:01 AM / 3 years ago

INDONESIA PRESS-Indonesia's Bank Mandiri to buy mid-sized lender-Kontan

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PT Bank Mandiri Tbk, Indonesia's largest bank by assets, plans to acquire another mid-sized bank after it failed to buy PT Bank Tabungan Negara, CEO Budi Gunadi Sadikin said.

Bank Mandiri is also planning to set up a multi-finance company through a joint venture and expects to finalise the deal by the end of this year, he added. (Kontan)

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Anupama Dwivedi)

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