In buying the business, the Singapore-listed group is acquiring a firm with private banking and wealth management capabilities.
The Indonesian subsidiary of OCBC, PT Bank OCBC NISP, has
completed its purchase of PT Bank Commonwealth Indonesia, buying
all the bank’s shares. PTBC provides services such as wealth
management and private banking.
Singapore-headquartered Oversea-Chinese Banking Corporation
initially announced its purchase of the bank in November last
…