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Selasa, 29 Maret 2011

Credit Suisse Reportedly to Acquire Bank Metro - The Indonesia Today

Credit Suisse Group AG will reportedly acquire PT Bank Metro Express and is now conducting due diligence on the bank, Bisnis Indonesia reported.

One source said the acquisition has been proposed to the central bank, Bank Indonesia, and the diligence process is almost completed.

Boedi Armanto, director of monitoring directorate at Bank Indonesia, admits that Bank Metro is looking for strategic partner, including foreign partner.

Bank Metro is a small-scaled bank based in Jakarta with assets of Rp591.51 billion. In 2010, it disbursed loan of Rp323.95 billion and booked net profit of Rp10.31 billion.

The bank is owned by Djitu Sianandar and Witu Sianandar family through PT Metropanca Gemilang.


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