News Forum - Kasikornbank bank buys 67% of Indonesian bank, Bank Maspion

[Thaiger]

One of Thailand’s premier banks, Kasikornbank, has purchased majority shareholding in Indonesian bank, Bank Maspion, for US$220 million.  The agreement should be completed by the end of the year, with Kbank owning 67.5% of Maspion shares. Two years ago, rival competitor Bangkok Bank splashed almost US$2.3 billion baht in an Indonesian bank, Bank Permata. Following a plan to spend US$20 million on Bank Maspion in 2017, the current arrangement will allow Kbank to develop a stronger presence in Indonesia. Kbank launched its first facility in Vietnam in 2021 and is expanding into Myanmar after purchasing a 35% share in Ayeyarwaddy […]

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