BANKING - StanChart Reported to Have Eye on 15% Stake in Bank Muamalat

British-based Standard Chartered is planning to bid for a stake in Bank Muamalat, the oldest Islamic bank in Indonesia, after its local affiliate, Bank Permata, withdrew from the race, sources with direct knowledge of the matter have said.

Qatar Islamic Bank and Bank Mega were among suitors that submitted second-round bids ahead of last week’s deadline. (source)