Acquisition

RNS Number : 5748M

Barclays PLC

02 February 2009

 

2 February 2009

BARCLAYS PLC

Barclays completes acquisition of Akita

Barclays PLC ('Barclays') has completed the acquisition of PT Bank Akita ('Akita'), which was announced initially on 17 September 2008, following the approval of the Central Bank of Indonesia. As at 31 December 2008, Akita had total assets of £53.7 million.

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For further information please contact:

Investor Relations                                     Media Relations    

Mark Merson                                             Phillippa-Jane Vermoter

[phone]                              [phone]

John McIvor                                               Rob McIvor            

[phone]                             [phone]                

About Barclays

Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people. 

Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

About Akita

PT Bank Akita, established in 1990 and based in Jakarta, holds a general banking license and focuses mainly on the small and medium-sized business banking segments, offering transaction banking, lending and money transfer services. In addition to their head office premises in Jakarta, Akita has 4 branches (1 in Bandung, 1 in Surabaya and 2 in Jakarta), 4 sub-branches (3 in Jakarta and 1 in Surabaya) and 2 cash offices (both in Jakarta). Akita employs approximately 270 staff members.

In September 2008, Barclays announced that it had entered into an agreement to acquire 99% of PT Bank Akita. 

Forward Looking Statements

Certain statements in this Announcement are forward-looking statements which are based on Barclays expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, Barclays undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

 

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