A stock market player monitoring a stock index board at a bank in Bangkok. Bangkok Bank has announced that it acquiring the majority stake in Standard Chartered's Indonesian lender Bank Permata for US2.7bil. - Reuters
BANGKOK: Thailand's Bangkok Bank has announced that it would buy a majority stake worth US$2.7bil in Standard Chartered's Indonesian lender Bank Permata, signalling the massive potential of South-East Asia's most populous country.
The acquisition comes as major Japanese and East Asian banks are scrambling to integrate Indonesian lenders into their business.
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