China Construction Bank ( CCB ) is to become the controlling shareholder of Indonesia 's PT Bank Windu Kentjana ##h , resulting in a rare case of a foreign bank being allowed to hold over 40 % of an Indonesian bank . This follows the announcement in June by Indonesia 's regulator that foreigners 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 .
China Construction Bank (CCB) is to become the controlling shareholder of Indonesia's PT Bank Windu Kentjana International, resulting in a rare case of a foreign bank being allowed to hold over 40% of an Indonesian lender. This follows the announcement in June 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.