S Korea's KB Kookmin injects cash into Indonesian lender Bukopin

Photo: KB Kookmin Bank

South Korean lender KB Kookmin Bank has injected cash into Indonesia’s Bank Bukopin as part of a process to take a controlling stake, a Bukopin director said in a statement on Thursday, amid a cash crunch at the Jakarta-based lender.

The move shows KB Kookmin Bank’s commitment to the acquisition, which is awaiting approval from banking regulators in Jakarta and Seoul, Adhi Brahmantya, Bukopin’s director of operations said in the statement.

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