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China's major bank launches Indonesia brand

Xinhua, February 24, 2017 Adjust font size:

China's second largest bank, China Construction Bank Corporation (CCB) officially launched its Indonesia local brand CCB Indonesia on Friday, CCB Indonesia said in a statement.

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. Enditem