OCBC, CIMB submit bids for stake in Indonesia's Panin Bank: report

OCBC, CIMB submit bids for stake in Indonesia's Panin Bank: report

FILE PHOTO: People pass an OCBC Bank signage in Singapore July 11, 2023. REUTERS/Edgar Su/File Photo

Southeast Asia’s second- and fifth-largest banks Oversea-Chinese Banking Corp (OCBC) and CIMB are vying for a controlling stake in Bank Pan Indonesia (Panin Bank), three people with knowledge of the matter said.

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