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BT Explains: Singtel's stake in digibank-hopeful Fama
Published Fri, Jan 21, 2022 · 09:50 PM
Singapore
SINGAPORE'S largest telco Singtel on Friday (Jan 21) said it has acquired a 16.3 per cent stake in Indonesian bank, Bank Fama International, for a cash consideration of 500 billion rupiah (S$48 million).
The move is part of Singtel's plans to pursue banking opportunities in Indonesia. The telco also has a digital banking joint venture (JV) in Singapore with Nasdaq-listed digital services player Grab.
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