Thursday, October 23, 2008
HSBC targets to be the national big five
The Investor Daily-October 22, 2008 Rakesh Bhatia, chief executive officer (CEO) HSBC Indonesia, is optimistic that HSBC could be the national big five of foreign banks in Indonesia. Recently, HSBC has acquired Bank Ekonomi, one of the local banks. Based on Bank Indonesia Ranking for foreign banks in Indonesia, HSBC has been in the second position after Citibank.
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