, Indonesia
256 views
Photo courtesy of Cytonn Photography.

KASIKORNBANK buys controlling stake at Bank Maspion for $186.5m

It now owns 67.5% of the Indonesian bank.

KASIKORNBANK or KBank has acquired additional shares at PT Bank Maspion Indonesia for $186.5m (THB6.5b), the bank announced in a press release.

KBank now owns 67.5% of Bank Maspion, and it is now the controlling shareholder of the Indonesian lender, said Pattarapong Kanhasuwan, chairman, KASIKORN Vision Financial Company.

Bank Maspion has an asset size of $888m (THB31.1b) with a network of 50 branches across Indonesia.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!