Bank Sinarmas & Bank Century to be merged

PT Bank Sinarmas and PT Bank Century Tbk is predicted to merge following the acquisition of PT Sinar Mas Multiartha Tbk of the 70 percent of Bank Century shares.
The acquisition shows the similarity of business culture of the two banks in a bid to improve the bank performance along with the soaring assets and networks values.
The acquisition here will assumingly affect the business group ownership at Bank Sinarmas. BI has stipulated the ultimate shareholder to merge their own banks.
Managing director of Sinarmas Group Gandi Sulistiyanto claimed to wait for the due diligence process in this corporate action.