Media Releases
Published Date: 22 May 2013

Comment by the MAS Spokesperson on BI's Approval for DBS Holdings to Acquire Stake in PT Bank Danamon Indonesian TBK

In response to media queries, the MAS spokesperson welcomed Bank Indonesia’s (BI) approval for DBS Holdings to acquire up to a 40% stake in PT Bank Danamon Indonesian Tbk and said, “Given the good cooperation between Singapore and Indonesia, MAS and BI are exploring further access into each other’s markets. In the case of Indonesian banks in Singapore, this will be by way of a broader provision of financial services, both in wholesale banking and to, for example, Indonesian students and work permit holders in Singapore.”