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OK Financial Group launches OK Bank Indonesia

South Korea's OK Financial Group, formerly known as APRO Service Group Co. Ltd., said Oct. 22 that it launched OK Bank Indonesia on Oct. 19 following the merger of its subsidiaries, PT Bank Oke Indonesia and PT Bank Oke Indonesia Tbk.

OK Financial Group acquired the two Indonesian banks in 2016 and 2018, respectively. OK Financial Group plans to help OK Indonesia Bank grow into a midsize bank in Indonesia within the next 10 years.

The South Korean group currently operates a total of 40 branches in China, Indonesia and Cambodia.