Tamara, Chinatrust tie up

JAKARTA (JP): Tamara Bank and Chinatrust Commercial Bank of Taiwan will soon establish a joint venture bank in Indonesia to tap the growing business ties between the two countries.

Tamara Bank announced here yesterday that the joint venture agreement was signed here on Tuesday by the bank's chairman, Pek Teng Beng, and the chairman of the Taiwanese bank, Jefferey L.S. Koo.

Tamara Bank, which is listed on the Jakarta Stock Exchange (JSX), has established business ties with overseas companies, including Hanil Bank of South Korea, Chailease Group of Taiwan and Vickers Ballas, a Singapore-based securities company.(hen)