The central bank (Bank Indonesia) constrain Barclays Plc to sell liquidation PT Bank Barclays Indonesia (formerly known as a Bank Akita). Formerly, Barclays prepare two option, disposing the banks or conducting self liquidation.
Central bank has remind Barclays Plc for the commitment when acquiring Bank Barclays Indonesia following the plan of the second largest bank in Britain to leave Indonesia.
The case encourage the central bank would be selective in permitting foreign investors to buy banks in a bid to prevent Indonesia from being made a speculative place to gain a short-term profit. Bank Indonesia has interest the acquisition of banks in Indonesia was made on long-term investment interest and created benefit for the Indonesian economy.
Earlier this week, Barclays Plc on its official website announced it would dispose of its ownership of Bank Barclays Indonesia.
Barclays reorganizing is done by dividing the company into three divisions, Global Retail Banking, Corporate and Investement Banking and Wealth Management, and Absa. Absa is one of the largest finance groups in South Africa mostly owned by the Barclays Bank Plc.
The effort includes the divestment of its subsidiary firm outside Indonesia. The scheme here cost US$150 million.
Barclays acquired 457.87 million shares of Daniel Gunawan, Basuki Kumala and PT Orix Indonesia Finance that representing 99 percent ownership of Bank Akita in 2008.
The effort includes the divestment of its subsidiary firm outside Indonesia. The scheme here cost US$150 million.
Barclays acquired 457.87 million shares of Daniel Gunawan, Basuki Kumala and PT Orix Indonesia Finance that representing 99 percent ownership of Bank Akita in 2008.
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