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"Bosowa's strong financial posture and networks in the eastern region will surely help us expand our business in that region,"
The bank was established in 1970 with 280 branches in 22 provinces in Indonesia.
NEWS : Thursday, June/1/2006 08:13:21 GMT+7. : Indonesia's Bukopin says eyes IPO in July
"We have not predicted how much money we could raise.The proceeds would be used mostly to expand our business," Glenardi told reporters. "We aim to expand our loans by 15 percent this year,"