PT Bank Mandiri, Indonesia’s largest bank by assets, is considering acquiring a smaller bank with capital between 5 trillion rupiah and 30 trillion rupiah ($2.56 billion) in the second half of the year, said CEO Budi Gunadi Sadikin.
Bank Mandiri is also finalising a joint venture that will focus on motorcycle financing. The deal is expected to be completed within this year.
The state-owned bank is optimistic about achieving its full-year loan growth target of 15 to 17 percent. (Kontan)
Note: Reuters has not verified this story and does not vouch for its accuracy.
$1 = 11730.0000 Rupiahs Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu