HSBC to Sell Retail Banking, Wealth Business in Indonesia to OCBC
Idag, 16:12
Idag, 16:12
10:12 AM EDT, 05/04/2026 (MT Newswires) -- HSBC (HSBA.L) unit PT Bank HSBC Indonesia agreed to sell the assets and liabilities of its retail banking and wealth management operations in Indonesia to Singaporean bank OCBC's local subsidiary.
OCBC Indonesia said Monday the deal involves the transfer of 89.8 trillion Indonesian rupiah in assets under management, along with 3.6 trillion rupiah worth of small customer retail loan book.
The sale of International Wealth and Premier Banking in Indonesia is slated to close in the second quarter of 2027.
Idag, 16:12
10:12 AM EDT, 05/04/2026 (MT Newswires) -- HSBC (HSBA.L) unit PT Bank HSBC Indonesia agreed to sell the assets and liabilities of its retail banking and wealth management operations in Indonesia to Singaporean bank OCBC's local subsidiary.
OCBC Indonesia said Monday the deal involves the transfer of 89.8 trillion Indonesian rupiah in assets under management, along with 3.6 trillion rupiah worth of small customer retail loan book.
The sale of International Wealth and Premier Banking in Indonesia is slated to close in the second quarter of 2027.
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