DBS Toppled by Bank Central Asia as Region's Largest Bank: Chart
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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 capitalization of $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.