Indonesia

Indonesian state banks enjoy big jump in net profits

Three Indonesian state banks reported solid growth in their earnings in 2011 as lending rose substantially during the year.

Indonesian state banks enjoy big jump in net profits

Three Indonesian state banks reported solid growth in their earnings in 2011 as lending rose substantially during the year.

BNI looks to boost Islamic banking business

The fourth largest bank in the world’s largest Muslim country wants to do more Islamic or “Shariah” banking.

CIMB Niaga goes mobile

Mobile banking has come to Indonesia’s fifth largest bank and its third largest mortgage provider.

Maybank expects Indonesian unit to grow loans by 20%

Bank Maybank Indonesia expects lending to grow by 20 percent this year, according to a top executive.

BNP Paribas appoints Miles Remington as head of equities in Indonesia

Miles has been Global Head of Sales Trading, Head of Multi Product Client Solutions for the equity brokerage business of BNP Paribas.

Indonesia, Thailand and Pakistan join money laundering blacklist

The FATF added Pakistan, Indonesia, and Thailand along with Ghana and Tanzania to its blacklist.

Indonesian bank to open Saudi branch

Bank Negara Indonesia will open a branch in Saudi Arabia this year.

Danamon`s profit up 16% in 2011

Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.

Indonesia to standardize commercial bank interest rates

Unable to lower commercial bank interest rates, Indonesia's central bank decided to nominate the rates beginning the close of the first quarter.

Malaysia's Bank Islam still enamored with Indonesian market

Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.

India continues disincentives to branch banking

A leading Singapore bank raises the issue that some Indian taxes restrict the growth of branch banking in India.

Bank Sinarmas to expand through rights issue, foreign investments

Bank Sinarmas hopes to expand operations by offering rights issue of shares in the second quarterand  by tapping foreign in vestments.

Malaysian to lead Indonesian bank CIMB Niaga

CIMB Niaga, Indonesia's fifth-largest bank, has named Sri Nazir Razak to replace retiring president commissioner Mohd. Shukri.

Bank Mandiri, Garuda agree on joint promotion

Garuda Indonesia signed an MoU with Bank Mandiri on joint promotion.

Indonesian govt to oversee micro financial institutions

The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.

Indonesia bolsters safeguards vs money laundering

Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above.

Maybank to sell stake in Bank Internasional Indonesia

Maybank is seeking investors for 20% of BII stake as Indonesian regulator ordered to sell down its stake in BII to 80%.