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CCB completes the acquisition of controlling stake in PT Bank Windu
Published time: 2016-09-29

China Construction Bank Corporation completes the acquisition of controlling stake in PT Bank Windu Kentjana International, Tbk.

On September 28, 2016, China Construction Bank Corporation (“CCB”) completed the acquisition of 60% stakes, or a total of 9.98 billion shares, in the Indonesia-based PT Bank Windu Kentjana International, Tbk. (“Bank Windu”). The transaction has been successively approved by domestic and overseas regulatory authorities, including the approval of China Banking Regulatory Commission (“CBRC”) on May 3, 2016 and the approval of Otoritas Jasa Keuangan (“OJK”) on June 13, 2016. After acquiring controlling stakes in Bank Windu, CCB will have 29 tier-one branches and subsidiaries across 27 countries. The transaction marks CCB’s another effort to accelerate cross-border expansion and localization, boosting its global service capability to a new level. 

Bank Windu is a commercial bank headquartered in Jakarta and listed on the Indonesian Stock Exchange. As of December 31, 2015, Bank Windu operated through a domestic network of 77 outlets, including 17 branches, 28 sub-branches and 32 cash offices, with total assets of IDR10.09 trillion (~RMB5.1 billion) and total liabilities of IDR8.68 trillion (~RMB4.3 billion). In addition, Bank Windu holds 100% equity interest in PT Bank Antardaerah (“Bank Anda”), a private Indonesian bank headquartered in Surabaya and established in 1958. As of December 31, 2015, the Bank Anda operated through a domestic network of 30 outlets, including 8 branches, 17 sub-branches and 5 cash offices, with total assets of IDR1.9 trillion (~RMB950 million) and total liabilities of IDR1.68 trillion (~RMB840 million).

As one of the large-scale and leading state-owned commercial banks in China, CCB provides clients worldwide with comprehensive commercial banking products and services. Our principal operations include corporate banking, retail banking and treasury business, in which we offer a variety of products and services, with leading positions in a number of core indicators. As of March 31, 2016, CCB reported total assets of RMB19.14 trillion and a net profit of RMB67.911 billion, with annualized ROA and ROE of 1.45% and 18.53%, respectively, and CAR and tier-one capital ratio standing at 15.55% and 13.46%, respectively. CCB was awarded the “Best Bank in China 2015” by the U.S. magazine Global Finance and the “Best Bank in China” by Euromoney, and ranked second in terms of tier-one capital in The Banker’s “Top 1000 World Banks” in 2016.

In recent years, in order to adapt to the new normal of economic and industrial development, CCB has determined 5 reform and transformation directions: integration, multi-function, intensity, innovation and smart-banking. CCB has also stepped up efforts to growing its global presence under the “Going Global” strategy, enhancing its service capabilities to customers who are expanding and operating overseas. With its continuous efforts in building the best value-creation bank domestically and world-class universal bank internationally, CCB’s influence in the global financial markets and comprehensive service capabilities will be significantly enhanced.

Indonesia has close trade and economic ties with China. Bilateral trade volume between the two countries exceeded US$54 billion in 2015. A controlling stake in Bank Windu provides CCB formal access to the local market, and would allow CCB to further enhance its service capabilities in the global financial markets. On the basis of keeping Bank Windu’s existing business, CCB would serve its Chinese clients with a presence in Indonesia, as well as local corporate and individual customers, offering high-quality financial services across infrastructure finance, trade finance and RMB business, and thereby facilitating economic and trade cooperation between China and Indonesia.