CCB ( CCB ) is to become the controlling shareholder of Indonesia 's CCB , resulting in a rare case of a foreign bank being allowed to hold 61.2 percent of an Indonesian lender. 14,475.00 rupiah Reporting by Cindy Silviana and Eveline Danubrata in JAKARTA; Additional reporting by Saeed Azhar in SINGAPORE; Editing by Muralikumar Anantharaman This follows the announcement in Sept 18 by Indonesia 's regulator that CCB were allowed to own over 40% of a merged Indonesian bank, so long as it bought stakes in two separate banks and combined them into a single entity.
CCB ( CCB ) is to become the controlling shareholder of Indonesia 's CCB , resulting in a rare case of a foreign bank being allowed to hold 61.2 percent of an Indonesian lender. This follows the announcement in Sept 18 by Indonesia 's regulator that CCB were allowed to own over 40% of a merged Indonesian bank, so long as it bought stakes in two separate banks and combined them into a single entity.