Commonwealth Bank of Australia plans to buy Bank ANK

<>Jakarta (Antara News) - Bank Indonesia deputy governor Siti Fajriah said the Commonwealth Bank of Australia has expressed interest in acquiring Bank Arta Niaga Kencana (Bank ANK).

"Commonwealth Bank is planning to acquire 65-70 pct of Bank ANK," Fajriah told reporters on the sidelines of a seminar here.

Bank ANK is a middle-sized bank with an asset base of 1.19 trln rupiah as of end-2005. (*)
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