Indonesia's banking regulator on Wednesday outlined new caps on ownership that may bear on ANZ's investment in Bank Pan Indonesia.
The central bank said that it would cap ownership of banks at 40 per cent though it will allow exceptions, including the case where the owner meets capital targets, is endorsed by the home country's banking supervisor and the bank is listed.
The point of the policy is to curtail consolidation of the industry by banks dominated by family owners.
One such owner is the Gunawan family that owns 46 per cent in Panin. ANZ owns a 38 per cent stake...
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