JAKARTA (Yosefardi) – PT Bank Himpunan Saudara 1906 Tbk (SDRA) will next month propose a merger with PT Bank Woori Indonesia to the Financial Service Authority (OJK).
The merger will upgrade Bank Saudara into BUKU 2 category of banks ruled by Bank Indonesia with capital of more than Rp1 trillion.
The combined capital after merger will reach Rp2.45 trillion and combined assets of Rp18 trillion.
OJK has recorded 10 banks with poor financial profile, as their capital are below Rp1 trillion. Then OJK urges these banks to merge.