Singapore Banks ' Caplok ' Danamon, BI Governor: Don't Worry

Jakarta -Singapore DBS Bank origin i.e. Groups Holding has been acquired PT Bank Danamon Indonesia Tbk worth US $ 7.2 billion. The acquisition plan is still being processed by the Bank Indonesia (BI).

Governor Darmin Nasution said, the BI issue acquisition by DBS Bank Danamon was unnecessarily taken dizziness.

"We're a process, if it passes no problem. Don't worry with that problem, at least we think our banks more efficient, "said Darmin at his residence, Adityawarman, Road Kebayoran Baru, Jakarta, Monday (8/8/2012).

DBS Groups Holding, one of the largest banks in Asia would ensure buy shares of PT Bank Danamon Indonesia Tbk. DBS has signed an agreement to buy and sell conditional Fullerton Financial Pte Ltd to take a 100 per cent subsidiary of Temasek Holding's stake in Asia Financial (Indonesia) Pte Ltd.

Darmin, BI said did not want to tighten the acquisition of a fierce bank in Indonesia. It would be difficult to organize bank of which there are many in Indonesia. Moreover, small banks are also found in Indonesia. Acquisition or merger is needed so that small banks could be more efficient.

"The bank is carried out in order to consolidate Simplification continue to run. We do not want to also set the many banks that are small and inefficient, and unable to live. Between a conventional bank, if you want to buy a small bank where I just let your. We don't want to tersandera with small and inefficient. How to get to mergers and acquisitions. The Bank must be efficient because we compete with other countries towards the Asean Economic Community 2015, "stated Darmin.

(dnl/dnl)