DistantNews
Support us
🇮🇩 Indonesia /Economy & Trade

DBS Indonesia Takes Control of 99% of DBS Vickers Indonesia

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Bank DBS Indonesia acquired 99% of DBS Vickers Sekuritas Indonesia on Sept. 1, 2026, while DBS Vickers Securities Holdings retained the remaining 1%.
  • The transaction established the DBS Financial Conglomerate in Indonesia, with Bank DBS Indonesia serving as its operational holding company.
  • DBS said the structure will integrate banking, treasury, capital-market and investment services, while expanding financing and investment access.

PT Bank DBS Indonesia now holds 99% of DBS Vickers Sekuritas Indonesia, bringing the securities company into a newly formed DBS Financial Conglomerate in Indonesia.

The acquisition took place on Sept. 1, 2026. DBS Vickers Securities Holdings Pte Ltd retained the remaining 1% stake. Under the new structure, Bank DBS Indonesia will serve as the Operational Financial Conglomerate Holding Company, while DBSVI will operate as a member of the conglomerate.

The arrangement follows Financial Services Authority Regulation No. 30 of 2024 on financial conglomerates and their holding companies. Bank DBS Indonesia President Director Lim Chu Chong said the formation would strengthen the group’s organizational structure, governance and integrated risk management.

“At the same time, we are optimistic that synergies between banking and capital-market services will further strengthen our ability to provide more comprehensive financial solutions for customers,” Lim said in a statement. The planned integration covers banking, treasury, capital markets and investment within one ecosystem. DBS Vickers Indonesia said stronger support from the DBS Group would give it room to expand its capabilities and improve services in Indonesia’s capital market.

At the same time, we are optimistic that synergies between banking and capital-market services will further strengthen our ability to provide more comprehensive financial solutions for customers.

— Lim Chu ChongThe Bank DBS Indonesia president director described the expected benefits of the new conglomerate structure.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog