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2-for-1 offer on Indonesian banks may come with double the trouble

Foreign banks stand to win management control if they buy and merge two local lenders, but tough reality awaits

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Indonesia, with 118 commercial banks, is pushing for consolidation. With its top 10 banks accounting for more than 60 per cent of total assets, the country is trying to weed out the bottom performers.

Singapore

FOREIGN banks that have been frustrated trying to break into one of the world's most profitable countries for banking, Indonesia, now may have a way. Buy two lenders, merge them - you may get management control while Indonesia gets to cut its weakest players and consolidate its