fintech / news / / Nikkei Asia
Oversea-Chinese Banking Corp said on Monday its Indonesian unit has agreed to acquire certain assets and liabilities of HSBC's wealth and premier banking portfolio in Indonesia.
OCBC Indonesia will acquire HSBC Indonesia's International Wealth and Premier Banking portfolio, adding 336,000 customers.
KEY POINTS
- The transferred portfolio includes S$6.6 billion in assets under management and about 1,300 staff.
- The purchase price will include a premium of up to S$480 million, finalized after completion.
- The transaction is expected to close in Q2 2027 and increase OCBC Indonesia’s AUM by 25%.
COMPANIES
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