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QIB eyes $100m Indonesia deal

  • Qatar: Saturday, September 30 - 2006 at 12:10

The Qatar Islamic Bank is set to buy an Indonesian bank for $100m, reported Bloomberg. Indonesia's State Enterprise Minister Sugiharto said that the QIB was considering setting up a new bank but was then offered the chance to purchase a local lender instead. The bank in question has yet to be named.

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