Sticking to the basics

Bank Danamon''s sale of its stake in DBS Vickers Securities Indonesia lets the bank focus on its core business strategy.
December 14, 2005

Analysts have applauded Indonesia's PT Bank Danamon's sale of its entire 25% stake in local joint-venture securities firm PT DBS Vickers Securities Indonesia to a number of financial institutions for Rp25.7 billion ($2.7 million) last week.

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