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While Danamon had closed about 8 percent below DBS’s offer price at one point last month, potential regulations from Bank Indonesia to limit foreign ownership of financial firms may now cause the deal to fall apart, ABN Amro Private Banking said.
May 24, 2012 at 20:15 | Source: Bloomberg
JAKARTA, May 28 (Reuters) - A possible bank ownership cap ruling by Indonesia would be counter-productive to the banking industry and would fragment it, the chief executive of DBS Group Holdings, Southeast Asia's biggest lender, said on Monday.
May 28, 2012 at 10:31 | Source: Reuters
JAKARTA: PT Bank DBS Indonesia booked year-on-year lending growth of almost 30 percent in the first quarter to Rp 23.7 trillion (US$1.98 billion), which generated a 26.44 percent increase in net interest income to Rp 292 billion. DBS Indonesia ...
May 23, 2012 at 01:40 | Source: Jakarta Post
Shares of Jakarta-based Bank Danamon Indonesia closed on Friday nearly 26 percent below a Rp 7,000 per share offer from Singapore’s DBS Group Holdings, the biggest discount since the Rp 66 trillion ($7.1 billion) takeover was announced last month ...
May 27, 2012 at 12:41 | Source: thejakartaglobe.com
A proposed change to Indonesia's bank ownership limits is threatening to dash DBS Group's bid to take over Bank Danamon. Sources told Reuters that Indonesia's central bank is planning to limit the maximum stake a single shareholder can take in ...
May 25, 2012 at 00:11 | Source: Straits Times
Manila, Philippines - Singapore-based DBS Bank Ltd. has lowered its inflation forecast for the Philippines this year and next due to lower-than-expected consumer prices in the first four months of the year as well as the softening oil prices in the world market.
May 19, 2012 at 15:28 | Source: Philippine Star Online
JAKARTA - A possible rule to cap bank ownership in Indonesia would be counter-productive to the banking industry and would fragment it, the chief executive of Singapore's DBS Group Holdings warned yesterday. Mr Piyush Gupta said: "We need bigger ...
May 28, 2012 at 21:01 | Source: Today Online
SHANGHAI (Reuters) - JPMorgan Chase & Co (JPM.N) has injected 2.5 billion yuan ($394.08 million) into its China unit, the latest foreign bank to beef up its Chinese operations. Foreign banks, including HSBC (HSBA.L) and Singapore's DBS Group ...
May 28, 2012 at 04:11 | Source: Reuters
JAKARTA, May 25 (Reuters) - Shares of the nation's sixth biggest lender PT Bank Danamon plunged as much as 7.2 percent on Friday as investors worried that a $7.3 billion takeover bid by Singapore's DBS will fail due to new ownership restrictions ...
May 25, 2012 at 09:01 | Source: Yahoo Finance
Bank of America to Secretary of Veterans Affairs, Town of Louisa, 0.3 acre, Lot 4, $90,200 (DBS) Bank of Georgetown to Rodger M. Brill, Cuckoo, Lot 199, Phase 3, The Waters at Lake Anna SD, $35,500 (DBS) Commonwealth Trustee LLC to Federal National ...
May 24, 2012 at 13:34 | Source: Central Virginian