“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Monday, December 17, 2007

South Korea Hana Financial buys small Indonesian bank

Seoul (ANTARA News) - Hana Financial Group, South Korea's No. 4 financial services firm, has bought a 61 percent stake in Indonesia's PT Bank Bintang Manunggal, as part of its efforts to become a regional player.

Hana, in which Singapore's Temasek Holdings and Goldman Sachs own a combined 19 percent stake, declined to give the value of the deal, but Hana chief executive Yoon

Kyo-joong told Reuters in August the acquisition would cost around 3 billion won ($3.2 million).

Shortly after winning approval of Indonesia's central bank, the South Korean firm increased the capital in PT Bank Bintang to $15 million, Hana said in a statement.

"In the future, we are planning to further increase capital in the bank and to grow it into a large bank in Indonesia with 200-odd branches within the next five years," Hana said.

Currently, the Indonesian bank runs about five branches, a Hana spokesman said.

International Finance Corporation holds an additional 19 percent stake in PT Bank Bintang, which has total assets of 244.9 billion rupiah ($26.28 million), with the remainder owned by unidentified Indonesian investors.

Hana, with assets of $150 billion, has been seeking to expand into China, India and Vietnam, aiming to have foreign operations accounting for 15 percent of its total assets and 20 percent of revenues by 2015.

In China, the group plans to open a wholly owned unit before the year end, with a capital of 250 billion won, after it won preliminary approval from Chinese authorities earlier this year.

Shares of Hana fell 1.68 percent to 46,950 won by 0459 GMT, against the wider market's <.KS11> 1.86 percent drop.

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