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South Korea’s APRO Financial to acquire 40 percent of Indonesian microlender Bank Andara

( November 25, 2015, 07:13 GMT | Insight) -- South Korean consumer finance group APRO Financial is buying a 40-percent stake in Indonesian microlender Bank Andara for an undisclosed sum, the Jakarta Post reported. Upon completion of the transaction, which will mark APRO's entrance into Indonesia&...South Korean consumer finance group APRO Financial is buying a 40-percent stake in Indonesian microlender Bank Andara for an undisclosed sum, the Jakarta Post reported. Upon completion of the transaction, which will mark APRO's entrance into Indonesia's growing microfinance market, APRO will become the largest shareholder of Andara. The purchase requires a permit from Indonesia’s Financial Services Authority, or OJK. ...

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