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OCBC launches onshore private banking services in Indonesia

OCBC Bank has launched onshore private banking services in Indonesia after obtaining approval from the country’s regulators, the Singaporean lender said on Monday. Through its 85% owned subsidiary OCBC NISP, the private bank will cater to Indonesians with assets under management of more than US$1 million, and will offer “a comprehensive range of wealth management solutions”. The private banking unit…

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