While other leading Indonesian banks are eager to expand business by opening branches in neighbouring countries, Bank Central Asia (BCA) stays focused on the domestic market. BCA, Indonesia’s largest private bank, is eyeing to acquire several smaller banks in Indonesia as part of its (inorganic) business growth model this year. BCA seeks smaller banks that have good financial performance, match with BCA’s business and are not too expensive (with a price to book value of between one and two times).
Update COVID-19 in Indonesia: 4,066,404 confirmed infections, 131,372 deaths (28 August 2021)
15 September 2021 (closed)
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