PT Bank UOB Buana and PT Bank UOB Indonesia have plan to merge. United Overseas Bank Ltd Singapore, are the major shareholder of two banks in Indonesia, PT Bank UOB Buana Tbk and PT Bank UOB Indonesia
The shareholder of two entity has committed to expand their equity from the retained earnings and shareholders capital injection additionally worth IDR4.5 trillion.
UOB at the time became the ultimate shareholder of Bank Buana when took over PT Sari Dasa Karsa.. UOB Buana financing institution here has 99 percent of the shares and the remaining is owned by Sukanta Tanudjaja.
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