Indonesia

Bank Mandiri posts 21.1% profit increase

A 22.8 percent increase in credits.

Bank Mandiri posts 21.1% profit increase

A 22.8 percent increase in credits.

Indonesia tells small "selfish" banks not to refuse mergers

Bank Indonesia Governor Darmin Nasution asked banks with weak capital to open their doors to mergers and acquisitions.

Indonesia's lending policy hampers CIMB Niaga's housing loans

CIMB Niaga acknowledges a significant decrease in housing loans due to Bank Indonesia's new loan-to-value policy.

Danamon, BTN post growth, buck new Indonesian loan rules

Bank Danamon and Bank Tabungan Negara posted huge business growth, despite new loan-to-value regulations affecting vehicle and housing credits.

Indonesia's Mandiri to offer export loan insurance

Asuransi Ekspor Indonesia (ASEI) will be able to offer a lower rate of credit risk to exporters after a deal with Bank Mandiri.

Indonesian social security provider targets Bank Tabungan stock

Social security provider Jamsostek is prepared to buy a stake in Bank Tabungan Negara.

Indosat inks mobile banking deal with Bank Rakyat Indonesia

Indosat has linked with Bank Rakyat Indonesia to provide mobile and Internet banking services to the latter's clients.

Bank Maspion Indonesia aims for IPO by January

Bank Maspion Indonesia plans to raise the necessary capital for  expansion by listing on the Indonesia Stock Exchange by January 2013.

Indonesia's EximBank exceeds financing target with $2.6B

Indonesia EximBank has booked Rp 25 trillion or $2.6 billion in total financing the third quarter, exceeding its full year target of Rp 24.5 trillion for this year.

Indonesia's state banks could now give credit haircuts

A court ruling allows state-owned banks to restructure or sell their non-performing loans.

Indonesia's Bank Permata offers supermarket credit card

Bank Permata introduced a co-branded credit card with Hero Supermarket, which provides shopping benefits to holders of the card.

Indonesia's Bank Mandiri to sell airline tickets

Bank Mandiri will sell AirAsia airline tickets through its credit cards.

Indonesia's Bank Mandiri to restructure $3.3B of bad loans

Bank Mandiri can now restructure unncollected loans of Rp 32 trillion or $3.3 billion following a court ruling that changes the status of the debts.

Indonesian sukuk posts longest rally in a year

Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the coming quarter.

Bank Negara Indonesia books $1.37M lending profits in NY

The New York branch of state-owned Bank Negara Indonesia booked net profits of US$1.37 million from credit issued in the first eight months of this year.

Indonesia's finance sector to get $300M boost from ADB

Indonesia’s financial sector will get a $300 million loan from the Asian Development Bank to improve the operations of the local regulator, deepen capital markets and expand non-bank financing.