Private lenders Bank Danamon Indonesia and Bank Nusantara Parahyangan (Bank BNP), members of the Mitsubishi UFJ Financial Group, Inc. (MUFG) announced their merger bproposal on Tuesday.
The merger is still pending approval from the Financial Services Authority (OJK), shareholders of the two banks and other requirements, according to a press release issued by Bank Danamon on Tuesday.
Read more … source The jakarta post