Indonesia Advisory

The Royal Bank, the oldest financial institution in the Netherlands, said it intends to enter the Indonesian market after observing high banking market growth in the retail and commercial sectors, Antara reported on Thursday.

Head of global banking and markets for Southeast Asia and Pakistan, Muhammad Aurangzeb, said the Royal Bank would have many opportunities in the Indonesian market. "We hope to offer a superior joint product to our clients," he said.

The Royal Bank of Scotland (RBS) meanwhile this week launched a re-branding of ABN AMRO branches following its takeover of the Dutch bank.

The launching of the RBS brand in Indonesia is part of an integration process for ABN-AMRO's wholesale, retail and commercial businesses as part of a consortium acquisition led by RBS of the Dutch bank at the end of 2007.
"RBS will also inherit an advanced wealth management and consumer finance network run by ABN-AMRO. With the integration RBS will have Indonesia's widest branch offices, with 20 branch offices in 10 different cities," RBS Asia retail and commercial market CEO Jim Brown said.