Indonesian Banks Sell Like Hot Cakes and It Is Good for the Industry

... control of Bank Bukopin. The Financial Services Authority (OJK) approved ... as Bank Danamon Indonesia by Mitsubishi UFJ Financial Group, also provided the blueprint for ... Bank Danamon Indonesia. It was Mitsubishi UFJ Financial Group that took over Danamon. The ...

Bank Central Asia Takes Over Local Unit of Dutch Rabobank

... , said in the statement. Rabobank Group decided to exit Indonesia as ... one entity. In March, Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) completed a majority ...

BCA Completes $70m Bank Royal Acquisition

... after securing approval from the Financial Services Authority. The move marked ... big banks to improve efficiency. Mitsubishi UFJ Financial Group (MUFG) earlier this year took ...

Danamon Eyes Top Five Spot and More

... on the global expertise of Mitsubishi UFJ Financial Group, its newest controlling shareholder. " ... the local unit of Malaysian financial conglomerate CIMB that now sits ... Rp 867 trillion. In March, Mitsubishi UFJ Financial Group (MUFG) completed a take over ...

Inalum Sells $4b in Bonds to Fund Freeport Purchase

... year. BNP Paribas, Citigroup and Mitsubishi UFJ Financial Group were the joint global coordinators ...

MUFG Can Expand Bank Danamon Stake if It Meets Certain Conditions: OJK

... or OJK, said Japanese lender Mitsubishi UFJ Financial Group can expand its stake in ... stake from Danamon shareholder Asia Financial Holdings. The final transaction would ... second-biggest lender, Sumitomo Mitsui Financial Group (SMFG), would merge its Indonesian ...

Financial Regulator Approves MUFG's Stake Increase in Bank Danamon to 40%

... regulators have cleared Japanese lender Mitsubishi UFJ Financial Group's plan to increase its ... of an Indonesian firm. The Financial Services Authority (OJK) approved MUFG ... percent stake from shareholder Asia Financial, MUFG said in a statement ...

China Forms New Economic Team as President Xi Kicks Off Second Term

... of the cabinet-level Financial Stability and Development Commission ... research at Bank of Tokyo-Mitsubishi UFJ, said in a note. ... Party's Central Leading Group for Financial and Economic Affairs ... monetary policy, push forward financial sector reform and opening ...

Mitsubishi UFJ Signs $80m Syndicated Loan Agreement to Develop TransJava Toll Road

Jakarta. Japanese conglomerate Mitsubishi UFJ Financial Group signed a Rp 1 trillion ($ ... its subsidiary Bank of Tokyo-Mitsubishi UFJ (MUFG), the lender is one ...

OJK Encourages Japan's MUFG to Merge Affiliated Lenders in Indonesia

... Authority, or OJK, encouraged Mitsubishi UFJ Financial Group to merge its affiliated companies ... potential after Japan's largest financial group announced completion of the first ... billion worth of transactions. The financial group plans to take a majority ...