trending Market Intelligence /marketintelligence/en/news-insights/trending/gsjt5TBGU-iMrapIjZhlFA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Sumitomo Mitsui Financial willing to own majority stake in Indonesian bank

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Sumitomo Mitsui Financial willing to own majority stake in Indonesian bank

Japan's Sumitomo Mitsui Financial Group Inc. is ready to increase its stake in PT Bank Tabungan Pensiunan Nasional Tbk to a majority as it looks to grow its business outside its home market, Reuters reported Dec. 25, citing CEO Takeshi Kunibe.

The Japanese bank owns a 40% stake in Bank Tabungan. Kunibe said Sumitomo Mitsui Financial is willing to raise its stake in Bank Tabungan to a majority if Indonesian regulators allow it to do so. He declined to specify if the bank is already in talks with regulators.

Indonesia currently allows foreign investors to hold up to a 40% stake in local banks. However, authorities could grant approvals on a case-by-case basis.

Amid low rates in Japan and strict capital rules globally, Sumitomo Mitsui Financial is on the lookout for opportunities to buy commercial banks in Asia, Kunibe said. For now, the bank is focused on growing its business in Indonesia and Vietnam, he added.