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Indonesian Islamic megabank merger plan shifts from 2015 to 2017

Wednesday, December 16, 2015 - 05:50
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Financial Services Authority chairman Muliaman Hadad said in January the mega merger plan may happen this year.

Kuala Lumpur

THE difficulties in forming a megabank in the US$2 trillion Islamic finance industry are becoming clear as Indonesia pushes back deadlines for its plan after failures in Malaysia and the Middle East.

Financial Services Authority director Dhani Gunawan Idat is the