MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Indonesia’s financial regulator expects Mitsubishi UFJ Financial Group Inc. (MUFG) to begin accumulating a stake in PT Bank Danamon Indonesia early next year, as Japan’s biggest bank expands in the most populous Southeast Asian nation.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe