Indonesia
BCA Group’s blu app expands digital ecosystem through BaaS
The strategy has successfully fostered transactions and built customer trust by 53.4% throughout 2023.
BCA Group’s blu app expands digital ecosystem through BaaS
The strategy has successfully fostered transactions and built customer trust by 53.4% throughout 2023.
New rules, price caps to push more mergers amongst Indonesia’s P2P lenders
The regulations will raise compliance costs, but price caps will make it hard to offset them.
Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov
Indonesia’s sharia economy and finance maintained positive growth in 2023.
Bank Mandiri’s loan quality improved moderately in 2023: Moody’s
Share of impaired loans were “modestly lower” compared to 2022.
Bank Tabungan Negara (BTN) to boost Shariah home ownership loans
As of November 2023, BTN Syariah’s assets have reached IDR 49 trillion.
SMBC’s Indonesian arm begins offering ESG deposit product
BTPN will earmark deposits made under this for financing in the ESG field.
New loans in Indonesia to moderate in Q1: survey
The weighted net balance is at 96.1% in Q4 2023, but is only expected to be 44.6% in Q1.
Indonesian banks extended more new loans in December
This was thanks to a rise in demand from both corporates and households.
Bank Tabungan Negara’s asset sale push a positive for the bank: analyst
The bank plans to offload $262m of bad loans in 2024.
BRI’s BRImo app now has 30.4 million users
There were only 2.9 million users in 2019, in comparison.
Indonesian fintech investments halved in 2023: study
Seed-stage and early-stage funding plummeted during the year.
Indonesia’s net liability IIP sustains slump Q3’23
It fell 0.5% quarter-on-quarter to $252.6.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
OCBC Indonesia undergoes rebranding, logo change for a unified financial future
The emblematic change carries OCBC Group’s ‘One Brand, One Group Unity’ strategy across markets in Singapore, Malaysia, Hong Kong, Macau, and mainland China.
Robust profits, lower credit costs to buoy Indonesia’s banks in 2024
The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.
Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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