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Article: Albaraka may revive plan to buy Indonesia Bank.

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Global Banking News (GBN)
Article date:
October 30, 2009
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Global Banking News-30 October 2009-Albaraka may revive plan to buy Indonesia Bank(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.ukBahrain-based Islamic lender Albaraka Banking Group BSC (BARKA.BH) is aiming to revive its plan to buy an Indonesian bank by the end of this year after taking a 'time out' on the deal, and small-scale lender PT Bank Kesawan (BKSW.JK) remains its prime target, Dow Jones has reported citing a person familiar with the matter.

Other Indonesian banks have approached Albaraka asking it to invest in ...

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