CCB buys Indonesian lender
By Jiang Xueqing | China Daily | Updated: 2016-09-30 06:53
Chinese banks are on globalization drive as they face pressure in the domestic market
China Construction Bank Corp took another step forward in its globalization drive by completing the acquisition of a majority stake of PT Bank Windu Kentjana International Tbk.
Earlier this year, the second-largest Chinese commercial lender by assets received approval from Chinese and Indonesian regulators for the acquisition of a 60 percent stake in Jakarta-based Bank Windu.
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