JAKARTA -- Indonesia's largest private lender, Bank Central Asia, agreed on Dec. 11 to acquire the local unit of Dutch company Rabobank, its second purchase of a financial institution this year and the latest consolidation affecting the Southeast Asian country's banking industry.
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Top Indonesian lender BCA buys Rabobank local unit for $28m
Bank Central Asia deal deepens consolidation of country's financial sector
The Bank Central Asia tower in Jakarta: BCA also finalized its purchase of Bank Royal Indonesia at the end of October. © Reuters
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