05:17 AM EDT, 04/17/2026 (MT Newswires) -- HSBC ( HSBC ) is in talks to sell its retail banking assets in Indonesia, with Oversea-Chinese Banking Corp., or OCBC, emerging as the preferred bidder, Bloomberg reported Friday, citing people familiar with the matter.

The potential deal could value the business at more than 6 trillion rupiah ($350 million), though discussions remain ongoing and no final decision has been made, the report said.

Other firms that considered bids include Japan's Sumitomo Mitsui Financial Group ( SMFG ) and others, sources told Bloomberg.

HSBC ( HSBC ) and OCBC did not immediately respond to MT Newswires' requests for comment, while attempts to reach Sumitomo Mitsui Financial Group ( SMFG ) were unsuccessful.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)