Rabu, 11 April 2012

INDONESIA - BANKING - Bank Indonesia Uses DBS’s Danamon Bid to Negotiate

www.thejakartaglobe.com - Bank Indonesia will seek talks on reciprocity with Singapore as a condition for the central bank’s approval of DBS Group’s bid to acquire Bank Danamon Indonesia, its deputy governor said.

The central bank wants equal treatment for Indonesian banks to operate in Singapore, deputy governor Halim Alamsyah said in Jakarta on Wednesday.

Singapore-based DBS offered to buy

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