Press Coverage

Indonesia’s three-way Islamic bank merger to build scale, raise competitiveness

By October 14, 2020 No Comments

Excerpt: “The three state-owned Shariah banks are merging in order to create a better scale for the operations with a larger deposit base, as well as avoiding competition in the same space,” said Angus Mackintosh, an analyst at Smartkarma.

Rebecca Isjwara • (Opens in a new window) ⧉

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