JAKARTA: DBS acquisition plan over PT Bank Danamon Tbk began to make the government concerned particularly the potential narrowing domination of the national bank in issuing future policies and operational management.
According to Deputy Minister of Finance Mahendra Siregar, the acquisition might affect macro and micro economic stability and Bank Danamon credit growth projection.
Nevertheless, Ministry of Finance will support Bank Indonesia and Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) decision over DBS plan to acquire Danamon shares from Temasek. (T05/aph)
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