CIMB Seeks Indonesia M&A Deals as Malaysia's No. 2 Bank Backs Battered Market
Updated
Updated · Bloomberg · Jun 9
CIMB Seeks Indonesia M&A Deals as Malaysia's No. 2 Bank Backs Battered Market
1 articles · Updated · Bloomberg · Jun 9
Summary
CIMB said it is actively looking for merger and acquisition opportunities in Indonesia, signaling expansion plans despite weak investor sentiment toward Southeast Asia’s largest economy.
Novan Amirudin said battered valuations make this a good entry point for investors who believe in Indonesia’s long-term potential, framing the slump as an opportunity rather than a deterrent.
The Malaysia-based lender said it remains fully committed to Indonesia, underscoring that its push is strategic rather than opportunistic.
The move positions Malaysia’s second-biggest bank to deepen its presence in a market many investors have recently shunned, betting confidence will recover over time.