Photo courtesy of Cytonn Photography.
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.
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