--- title: "Asia’s biggest banks line up bids for HSBC assets in Indonesia" description: "Some of Asia's largest banks, including DBS, OCBC, UOB, CIMB, and SMFG, are preparing bids for HSBC's retail assets in Indonesia, valued at over $200 million. HSBC is reviewing its consumer business i" type: "news" locale: "en" url: "https://longbridge.com/en/news/276982571.md" published_at: "2026-02-26T04:31:10.000Z" --- # Asia’s biggest banks line up bids for HSBC assets in Indonesia > Some of Asia's largest banks, including DBS, OCBC, UOB, CIMB, and SMFG, are preparing bids for HSBC's retail assets in Indonesia, valued at over $200 million. HSBC is reviewing its consumer business in Indonesia as part of a strategic overhaul under CEO Georges Elhedery. Binding bids are expected by mid-March. The move comes as banks seek to expand in fast-growing markets like Indonesia, where economic growth has recently surged. HSBC has a long history in Indonesia, having opened its first branch in 1884. \[HONG KONG\] Some of Asia’s biggest banks are working on bids for HSBC Holdings’ retail assets in Indonesia, according to sources familiar with the matter, helping them to forge ahead in South-east Asia’s largest economy. The banks include Singapore-based DBS Group Holdings, OCBC and United Overseas Bank, as well as Malaysia’s CIMB Group Holdings and Japan’s Sumitomo Mitsui Financial Group (SMFG), the sources said, asking not to be identified because the deliberations are private. HSBC has been working with advisers on a potential sale of its consumer business in Indonesia, the sources said. A transaction may value the assets at more than US$200 million, the sources said. Considerations are ongoing, with binding bids due mid-March, the sources said. HSBC has said that it’s carrying out targeted strategic reviews of its retail businesses across Australia, Indonesia and Egypt, but no decisions have been made. HSBC Life Singapore is also being reviewed. Since taking the reins in 2024, HSBC chief executive officer Georges Elhedery has undertaken a major overhaul, cutting management layers and thousands of jobs. The bank has reorganised into four new divisions and exited some businesses once considered key. Representatives for DBS, UOB, OCBC and SMFG declined to comment. CIMB did not immediately respond to a request seeking comment. A spokesperson for HSBC declined to comment further on the ongoing strategic review for Indonesia. Fast-growing markets, such as Indonesia, where economic growth hit a three-year high last quarter, are attracting banks looking to expand, especially with the likes of HSBC and Citigroup selling some non-core assets. ANZ Group Holdings has also considered selling its stake in Bank Pan Indonesia. HSBC opened its first branch in Indonesia in 1884. A couple of decades ago, it acquired Bank Ekonomi Raharja, rebranding it as Bank HSBC Indonesia in 2016. HSBC Indonesia has about 2,300 employees and 28 branches serving corporate and institutional clients, and retail customers. HSBC previously examined a potential initial public offering of the Indonesian business, sources familiar with the matter said in 2022. BLOOMBERG ### Related Stocks - [D05.SG - DBS](https://longbridge.com/en/quote/D05.SG.md) - [SMFG.US - Sumitomo Mitsui Financial](https://longbridge.com/en/quote/SMFG.US.md) - [O39.SG - OCBC Bank](https://longbridge.com/en/quote/O39.SG.md) - [U11.SG - UOB](https://longbridge.com/en/quote/U11.SG.md) - [00005.HK - HSBC HOLDINGS](https://longbridge.com/en/quote/00005.HK.md) - [HSBC.US - HSBC](https://longbridge.com/en/quote/HSBC.US.md) - [HSBA.UK - HSBC Holdings Plc](https://longbridge.com/en/quote/HSBA.UK.md) - [HSBH.US - HSBC Holdings plc ADRhedged](https://longbridge.com/en/quote/HSBH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 汇丰批准了 39.3 亿美元的可变薪酬，比 2024 年增加了 10% | 汇丰批准 39.3 亿美元的可变薪酬，比 2024 年增长 10% | [Link](https://longbridge.com/en/news/276927157.md) | | 高尔夫——新西兰选手 Ko 在疲劳与大满贯梦想之间寻求平衡 | 三届大满贯冠军 Lydia Ko 正在平衡她对职业大满贯的渴望与在 LPGA 巡回赛上 13 年的身体疲惫。作为汇丰女子世界锦标赛的卫冕冠军，她的目标是赢得首个美国女子公开赛冠军，以完成她的大满贯胜利组合。尽管取得了成功，Ko 承认自己的身 | [Link](https://longbridge.com/en/news/276857683.md) | | 汇丰：交通银行、法国资产出售及法律成本导致利润下降 | 汇丰控股报告 2025 年税后利润为 299 亿美元，比 2024 年减少 24 亿美元，尽管收入增长 4%，达到 683 亿美元。包括与交通银行相关的损失和出售法国资产在内的总计 30 亿美元的显著项目影响了利润。运营费用上升 10%，达 | [Link](https://longbridge.com/en/news/276834870.md) | | 华侨银行公布全年净利息收入为 91.5 亿新加坡元 | 华侨银行报告了 2023 财年的净利息收入为 91.5 亿新加坡元，预计 2026 财年的贷款增长将为中低个位数。该银行预计净利息收入将略微至适度下降，成本收入比将在 40% 至中低 40% 区间内。它宣布 2025 财年的特别股息为每股 | [Link](https://longbridge.com/en/news/276819275.md) | | 汇丰更新了分部报告，并发布了未经审计的 2025 年第四季度数据包 | 汇丰控股发布了 2025 年第四季度的未经审计数据包，详细列出了与其即将发布的年度和中期报告相关的财务信息。报告强调这些数据并非完整的国际财务报告准则（IFRS）报表，并介绍了自 2025 年 1 月 1 日起生效的重大业务分部报告变更，转 | [Link](https://longbridge.com/en/news/276853360.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.