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OCBC gets approval for Indonesian private banking unit

OCBC’s Indonesian business, OCBC NISP, plans to launch private banking services in the country next month, according to media reports. The application for a license, by PT Bank OCBC NISP, has been approved by the Indonesian financial services authority, OJK. OCBC NISP is among the 21 banks authorised by the government to handle funds declared under Indonesia’s tax amnesty, with…

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