The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

BCA sale may be just the tonic


Bank Bali's deal provoked anger

Foreign investors have little interest in Indonesia. The country is so far off the radar screen for such banks as HSBC, Salomon Smith Barney and Deutsche Bank that research analysts specializing in the region no longer cover it.

Yet, even after a disastrous attempt to buy Bank Bali in 1999, Standard Chartered is again looking to buy an Indonesian bank. Those keeping an eye on Indonesia are excited - if things go to plan foreign investor confidence should rise.

Indonesia's government is selling off shares in Bank Central Asia (BCA). "The sale process consists of a 30% stake in the bank to be sold immediately and a further 21% stake to be sold pursuant to exercise of an option," according to the Indonesian Bank Restructuring Agency (Ibra). The exercise price of the option will begin at the same price per share as the 30% stake and will increase over the year at a rate of 18%.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree