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Jakarta Post
The Jakarta Post
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DBS needs more time to acquire Bank Danamon

  • The Jakarta Post

Jakarta | Wed, February 6 2013 | 09:49 am

PREMIUM Singapore’s DBS Group Holdings Ltd. has submitted all the required documents to acquire Bank Danamon, but it will most likely take some time before Bank Indonesia (BI) makes a decision on what has been billed Southeast Asia’s largest bank acquisition, a senior executive with the banking regulator says.

The DBS Group lodged all the necessary paperwork in December and the central bank was...