Bank CIMB Niaga Merger Process and Achievement Report
January 2009
On 1st November 2008, Bank CIMB Niaga (previously Bank Niaga) and Bank Lippo, two of the leading banking institutions in the country, have joined forces and merged to become Bank CIMB Niaga. The merger represents the best option chosen by the respective Shareholders of the two banks in the interest of all stakeholders in order to comply with the banking sector policies of the central bank, Bank Indonesia, and especially with regard to the Single Presence Policy (SPP).
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