CIMB Group Holdings Berhad (KLSE:CIMB) is one of the banks that are seeking to purchase assets of HSBC Indonesia (PT Bank HSBC Indonesia). The move comes as lenders seek to strengthen their presence in Southeast Asia's biggest economy. Potential bidders include Singapore's DBS Group Holdings Ltd. (SGX:D05), Oversea-Chinese Banking Corporation Limited (SGX:O39) and United Overseas Bank Limited (SGX:U11), along with Malaysia's CIMB Group Holdings Bhd and Sumitomo Mitsui Financial Group, Inc. (TSE:8316).

HSBC Holdings plc (LSE:HSBA) is looking to sell its consumer banking operations in Indonesia. The assets could be valued at more than USD 200 million.