Indonesia's regulator approves MUFG request to raise stake in Bank Danamon

Indonesia's regulator approves MUFG request to raise stake in Bank Danamon

Photo: Reuters

Indonesia’s Financial Services Authority (OJK) has approved Japanese lender Mitsubishi UFJ Financial Group’s (MUFG) request to increase its stake in Bank Danamon to 40 per cent, MUFG said in a statement on Tuesday.

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