POST Online Media Lite Edition


China's CCB bank launches Indonesia brand

Staff Writer |
China's second largest bank, China Construction Bank Corporation (CCB) officially launched its Indonesia local brand CCB Indonesia.

Article continues below

The listed CCB Indonesia, which CCB holds 60 percent of the stakes, was the result of a merger between Indonesia's PT Bank Windu Kentjana International Tbk and PT Bank Antardaerah in November last year, the statement said.

Besides small and medium enterprises it previously focused on, the company will also develop corporate banking business with large local Indonesia and Chinese enterprises and financial institutions.

The bank is also targeted to become the market maker of renminbi (RMB) business in Indonesia and penetrate the country's housing finance market.

"CCB Indonesia is committed to support the Indonesian economy, particularly in infrastructure financing." The statement said.

CCB Indonesia currently has a banking network consisting of 112 offices in the country's main cities.

What to read next

Tencent fastest growing brand in the world
GM delivered 9.7 million vehicles globally in 2013
Aeropostale spreads in India and Indonesia