Maybank hopes Indonesia's banking regulation will not hamper it

Maybank is hoping that a proposed limitation of shareholding in Indonesian banks will not apply to the banking group.

Datuk Seri Abdul Wahid Omar, Maybank president and CEO said the banking group was talking with the relevant authorities in Indonesia on the proposed plan.

Maybank currently holds 97 percent of PT Bank Internasional Indonesia. 

Abdul Wahid was responding to a new sreport on the possibility of the central bank of Indonesia limiting the maximum stake of a single shareholder in the country's banks to below 50 per cent from the current 99 per cent.

"It is our hope that should any percentage be imposed, that percentage should not apply to the banking group," he said.

For more.