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Indonesia’s Bank Mandiri to expand business to Vietnam

PT Bank Mandiri Tbk of Indonesia is planning to expand its business to the Philippines, Malaysia and Vietnam, its director Darmawan Junaidi told reporters on December 11.
Indonesia’s Bank Mandiri to expand business to Vietnam ảnh 1PT Bank Mandiri Tbk of Indonesia  is planning to expand its business to the Philippines, Malaysia and Vietnam.(Photo: jakartaglobe.id)


Jakarta (VNA) - PT Bank MandiriTbk of Indonesia  is planning to expand its business to the Philippines,Malaysia and Vietnam, its director Darmawan Junaidi told reporters on December11.

Bank Mandiri intendsto acquire or merge with banks in the Philippines, he said, adding that thereare huge opportunities in the country as not many retail banks operate there.

He asserted, the lender will use the Qualified ASEAN Banksarrangement to enter Malaysia and in Vietnam, the lender will open new officefocusing in micro financing. 

Tosupport the plan, the state-owned bank will optimize its own capital. Theexpansion is part of the bank’s long-term plan./.

VNA
#PT Bank Mandiri Tbk of Indonesia #expand business #Vietnam #Qualified ASEAN Banks arrangement #micro financing #state-owned bank #Vietnam News Agency #Vietnamplus Indonesia
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