BANKING - Asian Finance Bank in talks to acquire Indonesian bank

ASIAN Finance Bank Bhd (AFB) will be expanding its banking facilities in Indonesia in a big way by acquiring a local bank, its chief said.

AFB chief executive Datuk Dr Mohamed Azahari Kamil, however, declined to name the targeted bank and said it will be announced once everything was finalised.

"We are in discussion with a local bank in Jakarta. We plan to move into Indonesia in a big way to take advantage of the country's huge population," Mohamed Azahari said after the signing ceremony of a deal between AFB, Hewlett Packard (HP) and Stone Apple Solutions in Kuala Lumpur yesterday.