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Hana Financial still wants to acquire more local banks to be merged with Bank Hana Indonesia to place it among the country's 20 largest lenders, the newspaper Bisnis Indonesia said.
Edy Kuntardjo, president of Bank Hana Indonesia said the capital injection in early the second quarter increased the bank capital to Rp300 billion with the stake of the Korean parent company rising from 60.9 per cent to 70.1 per cent.
Edy said part of the fund will be used to open new branches, adding this year the bank plans to open 124 new branches bring the number of its branches to 19 units.
(ANTARA)
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