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Japan SMBC Eyes $1.2 Billion Stake in BTPN Bank: Source

BTPN’s building in Jakarta, Indonesia, in this file photo. (JG Photo/Yudhi Sukma Wijaya) [Updated at 1:25 p.m. on Monday, April 29, 2013] Hong Kong/Tokyo. Japan’s Sumitomo Mitsui Banking Corp is in...

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Japan Firm Set to Buy 40% of BTPN

The logo of Bank Tabungan Pensiunan Nasional is seen at the bank’s headquarters in Jakarta, in this file picture taken May 11, 2011. (Reuters Photo/Enny Nuraheni) Sumitomo Mitsui Financial Group is...

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Sumitomo Mitsui to Purchase 40% Stake in BTPN for $1.5b

Sumitomo Mitsui Financial Group agreed to buy 40 percent of Indonesia’s Bank Tabungan Pensiunan Nasional for about $1.5 billion, the Japanese lender’s biggest purchase of a foreign financial firm....

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Sumitomo to Buy 40% Of BNI Life Insurance

A Bank Negara Indonesia office is seen in Senayan area, South Jakarta. (JG Photo/Yudhi Sukma Wijaya) State-controlled Bank Negara Indonesia, the country’s fourth-largest bank by assets, is to sell a 40...

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