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Jakarta Post
The Jakarta Post
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OCBC NISP, OCBC Indonesia merger approved

  • The Jakarta Post

| Wed, November 10 2010 | 10:53 am

PREMIUM JAKARTA: Shareholders of Bank OCBC NISP and Bank OCBC Indonesia have officially approved the two banks’ planned merger, a top executive said Tuesday

OCBC NISP president director Parwati Surjaudaja said the merged lender would operate under the name of Bank OCBC NISP,and would have total combined assets of Rp 47.6 trillion (US$5.31 billion).“We expect the merger to take effect on January...