Singapore's OCBC scouts for acquisitions in Indonesia to speed up growth

Singapore's OCBC scouts for acquisitions in Indonesia to speed up growth

FILE PHOTO: The OCBC Bank logo is seen outside its headquarters after the bank reported its first-half results, in Singapore, August 3, 2022. REUTERS/Anshuman Daga/File Photo

Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia’s second-biggest bank said.

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