Indonesian state lender Bank Mandiri is in talks to acquire a sizable stake in the Surabaya-based lender Bank Prima Master, multiple sources aware of the development told DealStreetAsia.
DealStreetAsia
Indonesia's Bank Mandiri in talks to buy stake in Bank Prima Master
Financial regulator has been encouraging consolidation in banking sector
.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto)
Indonesia's Bank Mandiri is targeting a sizable stake in Surabaya-based lender Bank Prima Master, according to sources. (Photo by Shinya Sawai)
Read Next
Latest on DealStreetAsia
