DBS Frontrunner in the race to acquire a participation in the Panin Bank of Indonesia

According to the reports, the Singapurean lender DBS is the favorite in the attempt to acquire a control participation in the Panin Bank of Indonesia.

DBS is in competition with the Malaysian CIMB group in the second round of the bidding process, Reuters reported, citing the three sources familiar with the matter.

About 86% Panin Bank is at stake.

The sale includes stakes owned by Anz de Australia and the founding family of Gunawan.

Its combined possession is valued at $ 1.8 billion from the closure of the market on March 25, 2025.

Anz has been seeking to unintentionally participate since 2013, and the Gunawan family has been open to negotiate its portion, depending on the price received. According to LSE data, Anz has a 39% participation in Panin Bank.

The deadline for binding offers is established by the end of April or early May, although this is subject to market conditions, according to one of the sources, who said that the bidder’s prospects could change.

Reuters reported that DBS, Anz and Cimb refused to comment on the matter, while the president of the president of Panin Bank, Herwidayatmo, referred to the bank controlling shareholders to make more comments.

If DBS ensures the agreement, it will be the first important acquisition under the leadership of his incoming CEO so his Shan, who assumes the role on March 28.

He has expressed that DBS is open to strategic acquisitions, of added value and accumulated profits.

DBS has a central office and another 33 offices in 15 main cities, using 3,011 employees in Indonesia.

Panin Bank offers services ranging from consumer financing to private equity management.

Previously, Singapore’s bank abroad and Sumitomo Mitsui of Japan had shown interest in participation, according to sources.

Established in 1971 and listed in the Yakarta Stock Exchange in 1982, Panin Bank saw an increase in net earnings of 8.2% to RP2.74TN ($ 165 million) last year, driven by higher interest revenue and lower provisions of incobrable debt.

In January, DBS Bank, a subsidiary totally owned by Singapore’s DBS Group Holdings (DBSH), acquired additional participation In Shenzhen Rural Commercial Bank Corporation (SRCB), increasing its property from 16.69% to 19.40%.

“DBS Frontrunner in the race to acquire a participation in the Panin Bank of Indonesia” was originally created and published by International retail bankerA brand owned by Globaldata.

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