Lippo Group and Riady Family’s Exit from Financial Business Over the Years

Lippo Group and Riady Family’s Exit from Financial Business Over the Years

Lippo Group’s mass portfolio restructuring in the financial sector is dotted with divestments of strategic assets, particularly in banking and insurance.

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Rabu, 26 Maret 2025 | 18:30

Bisnis.com, JAKARTA — Over the last few years, Lippo Group, a major conglomerate controlled by tycoon Mochtar Riady and his family, has slowly been divesting from its financial services business including banking, fintech, and insurance.

Most recently, the group received the greenlight from shareholders of PT Bank Nationalnobu (NOBU) at the March 25 AGMS to sell 40% of the bank’s stake to South Korean life insurance giant Hanwha Life Insurance Co. Ltd.

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