THE INVESTOR

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July 17, 2018

KB Kookmin Bank sets to re-enter Indonesia

PUBLISHED : July 02, 2018 - 15:46

UPDATED : July 02, 2018 - 15:46

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[THE INVESTOR] KB Kookmin Bank on July 2 said it signed a contract to buy new shares in Indonesian bank Bukopin.

The deal, which has received approval from Indonesia’s financial authorities, will allow the Korean bank to become the second-largest shareholder of the bank, with a 22 percent stake.



Bank Bukopin is the 14th-biggest bank in Indonesia and has 322 branches. 

Once the deal is completed, KB Kookmin Bank will enter the Southeast Asian country for a second time, as it unloaded its holdings in Bank Maybank Indonesia in 2008.

By Park Ga-young (
gypark@heraldcorp.com)

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