ndonesia’s largest bank gets permit to open in Shanghai, China

After three years of waiting, Indonesia’s largest lender Bank Mandiri has obtained a permit to open a branch in Shanghai, China. It is the first step for the bank into the world’s most populous country, the JakartaGlobe daily quoted an executive as saying on Friday. China’s Banking Regulatory Commission (CBRC) issued the permit on Nov. 3. Bank executive Thomas Arifin said on Thursday that Mandiri now would submit a business operation application to CBRC. “We’re hoping the Shanghai branch
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