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02 Apr 2025
Panin Bank a good fit for DBS’ Indonesia operations; Singapore bank’s surplus capital can fund potential acquisition
Summary: DBS is considering acquiring Indonesia’s Panin Bank, which could provide scale, earnings diversification, and a larger branch network. Analysts believe DBS has the financial capacity to acquire Panin without compromising its capital return plan, utilizing surplus capital generated between 2025 and 2027. The acquisition could benefit from DBS’ track record of turning around unprofitable targets.