CIMB, J Trust among suitors for Indonesia's Bank Commonwealth -sources

SINGAPORE: Malaysian bank CIMB and Japanese finance company J Trust are among firms vying to buy Indonesia's PT Bank Commonwealth, a deal that could value the lender at $400-$500 million, two sources with knowledge of the matter said.

Bank Commonwealth, which is 99% owned by Australia's biggest lender Commonwealth Bank of Australia (CBA), focuses on retail lending as well as corporate banking services for small and medium enterprises.