VIVAnews - PT Bank SBI (State Bank of India) Indonesia will improve its organic and inorganic growth by acquiring a bank in 2010.
According to Bank SBI Indonesia President Director Rajiv Saran in Jakarta on Friday, June 19, the acquired banks should be medium-level banks possessing a minimum of 50-60 branches. SBI Indonesia will add another 6-10 branches for its inorganic growth.
SBI has earned profit US$2 billion and is one of the largest banks in India. The bank is preparing unlimited fund for bank acquisitions, said Saran.
He explained that SBI is interested in expanding in Indonesia because the Indonesian market grows fast in the Asian market. Indonesia-India commerce values US$10-15 billion.
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Translated by: Ariyantri E. Tarman
Bertemu Majelis Masyayikh, Menag Bahas Rekognisi Santri dan Ma’had Aly
Majelis Masyayikh adalah lembaga mandiri dan independen sebagai perwakilan Dewan Masyayikh dalam merumuskan dan menetapkan system penjaminan mutu pendidikan pesantren.
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26 April 2024
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