Japan's Sumitomo Mitsui likely to lead race for Indonesia's Bank Panin

Japan's Sumitomo Mitsui likely to lead race for Indonesia's Bank Panin

Japan’s Sumitomo Mitsui Financial Group (SMFG) is likely to emerge as a frontrunner in the race to acquire a controlling stake in Jakarta-based lender PT Bank Pan Indonesia (also known as Bank Panin), according to multiple sources familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter