Asian banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), and Sumitomo Mitsui Financial Group have submitted preliminary proposals to buy Indonesia’s PT Bank Pan Indonesia (Panin Bank), according to a Bloomberg report. Other Asian financial institutions have also shown interest, the sources said, adding that discussions are ongoing and no final decisions have been made. Panin Bank shares rose as much as 8.4% on Tuesday, the biggest intraday gain since November 11, and have climbed about 66% this year, valuing the lender at around USD3bn. ANZ Group previously considered selling its 38.8% stake in Panin. The Gunawan family, which controls 46%, could join a sale at the right price, according to the report.