Sumitomo Mitsui Financial Group may bid for Indonesia's Panin Bank, report says

Sumitomo Mitsui Financial Group may bid for Indonesia's Panin Bank, report says

Management of Bank Panin Syariah. Visual from the company.

Japan’s Sumitomo Mitsui Financial Group (SMFG) is reportedly considering a bid for Jakarta-based lender PT Bank Pan Indonesia, better known as Panin Bank, Bloomberg reported on Monday, citing people familiar with the matter.