JAKARTA -- State-owned Bank Rakyat Indonesia has officially become a holding company for so-called ultramicro businesses, having acquired two smaller state enterprises as the trading period begins for the lender's potential record 95.9 trillion rupiah ($6.7 billion) rights issue financing the deal.
BRI, one of Indonesia's largest banks by assets, now holds 99.99% stakes of pawnshop chain Pegadaian and microlender Permodalan Nasional Madani.
