Hana Bank Finalizes Akuisi Star Bank
Tuesday, 18/12/2007
SEOUL ( SINDO) – complete Hana Bank of purchasing of 61% stock Bank Bintang Manunggal. The acquisition is part of business expansion in Asia.
In statement is written yesterday management Hana Bank to tell authorized shares Bank Bintang Manunggal has been improved to become USD15 million. Unit from group of South Korea standard ( Korsel) Hana Financial Group also ready to inseminate addition of the next legal capital. Pass purchasing Bank Bintang Manunggal, Hana Bank will extend its(the operation is in Indonesia by adding number of its(the office of branchs becomes 200 in next five years.
“ We plan strengthens banking business of ritel and corporate banking by aiming at company Korsel operating in Indonesia,” said management Hana Bank in its(the statement. With the purchasing, composition rest of stock Bank Manunggal now is mastered investment unit of World bank, International Finance Corporation, equal to 19% and the rest mastered by the founders. middle Hana Financial Group looks for expansion opportunity beyond the sea proposes slow of growth in domestic market as result of its(the stringency emulation.
The standard service feeder also will build local unit in China and opens India branch. Last month, Hana Bank opens its(the office in Vietnam. “ Now, from the angle of size, business in Indonesia possible still be small, but that will become first step triggering expansion Hana,” said analyst Hyundai Securities Koo Kyung-hui. ( AFP/HERY)
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