Sumitomo bank is investing 35 % equity in two Indonesian auto financing firms , Oto Multiartha and Summit Oto Finance , for $ 40bn ( $ 333 m ) , as the bank pushes for increased incomes in Indonesia by acquiring minority ownership in the long term . This also marks the bank 's largest investment in a non - bank financial business in Asia outside of Japan .
Sumitomo Mitsui is purchasing 35% stakes in two Indonesian vehicle financing firms, Oto Multiartha and Summit Oto Finance, for JPY 40bn ($333m), as the bank looks for increased incomes in Indonesia by ﻿boosting auto ownership in the long term. This also marks the bank's largest investment in a non-bank financial business in Asia outside of Japan.