HSBC ACQUISITION OF ECONOMIC BANK

JAKARTA, 25/5 - HSBC BANK EKONOMI. Chief Executive Officer HSBC Indonesia, Rakesh Bhatia, provides a press explanation around the HSBC acquisition of Bank Economy in Jakarta, Monday (25/5). The Hongkong and Shanghai Banking Corporation Limited through its subsidiary HSBC Asia Pacific Holdings (UK) Limited has completed its acquisition of 88.89% of Rahardja Economic Bank Tbk (Bank Economy) shares worth 607.5 million US dollars. ANTARA/Andika Wahyu/nz/09.