DBS toppled by Bank Central Asia as region's largest bank
Add BT as a preferred source
[SINGAPORE] Bank Central Asia, controlled by Indonesia's second-richest person, Budi Hartono, overtook DBS Group Holdings Ltd this month as Southeast Asia's largest lender by value, with a market capitalisation of US$24.5 billion.
The Jakarta-based bank's shares have continued to rise this year as its Indonesia focus shields it from slowing growth in Greater China. DBS is Singapore's biggest bank.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
The factors that make South-east Asia’s top conglomerates stand out
