The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about US$1.9 billion, according to people with knowledge on the matter.
The outlook is also clouded by a weakening Singapore economy that’s vulnerable to the fallout from the US-China trade war, which escalated again overnight.
Singapore's second-biggest listed lender said net profit came in at SG$1.25 billion (RM3.77 billion) in the three months ended Sept 30 versus SG$1.11 billion a year ago.
The British architect worked at Booty Edwards & Partners in Malaya from 1925 to 1957, a time which included the Art Deco period, a style seen in many of his works.
The deal had been awaiting approval from the Hong Kong regulator.
Net income climbed 16% to S$1.21 billion ($884 million) in the three months ended June from a year earlier, the Singapore-based bank said Monday.