KONTAN.CO.ID - JAKARTA. LINE Financial Asia, a subsidiary of LINE Financial, said it had obtained permission from the Financial Services Authority (OJK) to acquire a 20% stake in Bank KEB Hana. In its official statement on Sunday (10/28), LINE Financial Asia will become the second largest shareholder at KEB Hana Bank. This collaboration will provide several positive effects for LINE Financial Asia and KEB Hana Bank. First, KEB Hana Bank will get potential customers from a high LINE user base. Second, bank deposit funds will increase at low interest through strengthening retail banking.
LINE Financial Asia acquired 20% of Bank KEB Hana shares
KONTAN.CO.ID - JAKARTA. LINE Financial Asia, a subsidiary of LINE Financial, said it had obtained permission from the Financial Services Authority (OJK) to acquire a 20% stake in Bank KEB Hana. In its official statement on Sunday (10/28), LINE Financial Asia will become the second largest shareholder at KEB Hana Bank. This collaboration will provide several positive effects for LINE Financial Asia and KEB Hana Bank. First, KEB Hana Bank will get potential customers from a high LINE user base. Second, bank deposit funds will increase at low interest through strengthening retail banking.