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Byline: Adeline Paul Raj
KUALA LUMPUR: Malayan Banking Bhd's (Maybank) chief has expressed concern at the prospect of Indonesia potentially capping foreign ownership in banks to less than 50 per cent.
The move to limit foreign shareholding, which is currently being studied, could be implemented in the final quarter of this year, according to news reports in the last few weeks, which cited officials from the Indonesian central bank.
Top lender Maybank has a 97 per cent stake in Indonesia's eighth largest bank by assets, Bank Internasional Indonesia (BII).
"I was in Jakarta last week, and there were some comments made about that possibility. We're …