BCA Becomes the Controlling Shareholder of Rabobank Indonesia
Dear Valued Customer,
As we informed you earlier this year, Rabobank has decided to cease operations in Indonesia. We have begun our wind down process since earlier this year and we are pleased to inform you that the process has gone very smoothly thus far. We have maintained our stakeholders’ interest as our top priority throughout the process.
With that priority in mind, we are pleased to announce that PT Bank Central Asia Tbk (“BCA”), will be the controlling shareholder when all conditions are met, currently expected during 2020. As one of the largest banks in Indonesia, BCA brings a strong track record with similar values of integrity and customer focus as Rabobank.
Further details regarding the transfer of accounts, facilities, and other processes related to this will be conveyed separately in subsequent communications and through your relationship manager. Should you have questions in the meantime, please do not hesitate to contact your relationship manager who will be happy to assist you.
Thank you for your kind attention and good cooperation.