JAKARTA: Indonesia Bank set a moratorium on the acquisition of the bank in the country by foreign investors up to rule on limitation of ownership were issued.
Joni Swastanto, Director of Banking Information and Permitting the Bank Indonesia (BI) said that the central bank will not be issued permits for foreign investors to acquire local banks until the end of this year.
“Until the end of the year the BI did not accept the acquisition to foreign investors. Wait rule out first, “he said today.
It is said to be Joni responds to plans of the China Construction Bank Corp. to acquire 50% controlling stake of PT Bank Maspion Indonesia. Until now, China Construction Bank has yet to enter a formal letter, “he said.
China Construction Bank Corp. (CCB), the world’s second-largest bank by market prices, intending to acquire Bank Maspion Indonesia which is still in early stages of exploitation, with the potential purchase of 50% controlling stake for US $ 200 million.
BI is currently restricted to a maximum of mengodok about the rules, which is the maximum restrictions on ownership of the majority stake in a bank.
This rule is brewing along with plan policies that require the branch offices of foreign banks changed status to a limited liability company. The plan, both of these policies will be implemented in stages starting late last year. (faa)
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