OREANDA-NEWS. Aozora Bank, Ltd. announced the conclusion of a memorandum of understanding (MOU) with PT Bank Central Asia Tbk ('BCA') for the purpose of strengthening cooperation in cross-border M&A advisory services, in addition to the business areas shown below (Scope of Alliance).

In November of last year, Aozora announced 'Aozora Bank's Asian Business Strategy', and as part of this strategy announced business alliances with Oversea-Chinese Banking Corporation Limited ('OCBC') and Kanematsu Corporation. Following the alliance with OCBC, the MOU with BCA represents Aozora's second M&A related business tie-up with a bank in Asia.

In recent years, business development in Indonesia, which has undergone rapid economic development, has become one of the important growth strategies for Japanese companies. In partnership with BCA, Indonesia's largest private sector commercial bank, Aozora will build a framework to provide enhanced cross-border M&A advisory services, as well as business matching services, in order to continue to meet its customers' business needs in Indonesia.

The Bank also intends to provide similar services as necessary for its regional financial institution customers. In addition, this alliance will enable BCA to respond to the needs of its customers who are seeking growth opportunities through M&A in Japan.

Aozora aims to earn the trust of its customers as the 'Primary Secondary Bank: Another Reliable Partner', and is committed to responding to the management challenges and needs of its customers in Asia and elsewhere through an enhancement of the scope of its services.