Finance
DBS, Top Japanese Lenders Said to Be Bidders for Panin Bank
- Lenders have submitted proposals for Jakarta-listed bank
- Other Asian banks have also considered Panin Bank transaction
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Asian banks including DBS Group Holdings Ltd., Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. are among potential suitors for PT Bank Pan Indonesia, according to people familiar with the matter.
The three lenders have submitted separate preliminary proposals to buy the Jakarta-listed bank known as Panin Bank, the people said, asking not to be identified because the matter is private. Panin Bank has also drawn interest from other Asian financial institutions, the people said.