JAKARTA: Shinhan Bank, part of Shinhan Financial Group, has received regulatory approval to buy 40% of Indonesia's Bank Metro Express, more than two years after the South Korean lender signed a deal for the stake purchase.
Muliaman Hadad, chairman of the board of commissioners at Indonesia’s financial services authority, said yesterday the deal had been approved.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
