Tag: Astra Group

Digital Disruption & Banking Operations (2)

National banks have rationalized their operations as customers increasingly use digital financial services. Bank Maybank Indonesia (BNII), for example, has significantly reduced number of sub-branches and micro-functional offices last year. Bank Permata (BNLI), a JV between Standard Chartered Bank and Astra Group, also cut significantly its physical banking operations.

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Robust Investment Outlook (5)

Other than MUFG’s acquisition of Bank Danamon, Indonesian banking sector will see incoming investment of more than US$600 million in Bank Muamalat, the pioneer of sharia banking in Indonesia, this year. Some Chinese investors are also seeking acquisition opportunities in the banking sector alongside the growth of trade and investments.

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