KUALA LUMPUR: Malayan Banking Bhd (Maybank) is optimistic that the upcoming Indonesian ruling on bank shareholding will not be detrimental to foreign investors. Based on media reports so far, the bank had understood two key points. The first was the possibility of Indonesia introducing foreign ownership restriction and compelling banks to reduce their foreign shareholding to below 50%.
The second was that such a move could pertain to limiting the extent of control by any single person or any single shareholder.
“The second message is part of efforts to improve corporate governance as there were issues at the smaller banks arising from actions of certain shareholders. On our part, we are anxiously waiting for the exact policy to be announced,” said Maybank president and CEO Datuk Seri Wahid Omar. (source)
