KONTAN.CO.ID - JAKARTA. South Korean finance firm APRO Financial Co. Ltd has obtained approval from the Financial Services Authority (OJK) to merge with Bank Oke Indonesia and Bank Dinar Indonesia. The approval came after the firm acquired a stake in Bank Dinar in October last year. The request was submitted last March and received approval on June 25. APRO Service group, a subsidiary of APRO Financial ,is the fourth Korean lender in Indonesia after KEB Hana Bank, Woori Bank and Shinhan Bank.
OJK approves South Korean finance firm, Bank Dinar, Oke Indonesia merger
KONTAN.CO.ID - JAKARTA. South Korean finance firm APRO Financial Co. Ltd has obtained approval from the Financial Services Authority (OJK) to merge with Bank Oke Indonesia and Bank Dinar Indonesia. The approval came after the firm acquired a stake in Bank Dinar in October last year. The request was submitted last March and received approval on June 25. APRO Service group, a subsidiary of APRO Financial ,is the fourth Korean lender in Indonesia after KEB Hana Bank, Woori Bank and Shinhan Bank.