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OCBC s Indonesia subsidiary completes acquisition of PT Bank Commonwealth

OCBC s Indonesia subsidiary completes acquisition of PT Bank Commonwealth
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OCBC Bank acquires Commonwealth Bank of Australia s Indonesian subsidiary for approximately S$191M

OCBC Bank acquires Commonwealth Bank of Australia s Indonesian subsidiary for approximately S$191M
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PT Bank OCBC NISP Tbk : Proposed Acquisition Of 99% Stake In PT Bank Commonwealth by PT Bank OCBC NISP TBK ( PROPOSED ACQUISITION ) The acquisition reinforces PT Bank OCBC NISP Tbk s ( OCBC Indonesia ) market position in consumer and SMEs -November 17, 2023 at 11:52 am EST

November 16, 2023 - PT Bank OCBC NISP Tbk on November 16, 2023 entered into a Sale and Purchase Agreement with Commonwealth Bank of Australia to acquire 99.0% of the shares.

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Singapore s OCBC Acquires Commonwealth Bank Of Australia s Indonesian Unit

The deal is the first acquisition by OCBC since Helen Wong took over as group CEO in 2021, becoming the first woman to lead the Singapore-based bank.

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OCBC NISP rebrands to OCBC

OCBC NISP rebrands to OCBC
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