Indonesia
Mandiri to offer $1.6bln rights issue in 2011
Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said it supported the government’s decision to put the Bank Negara Indonesia (BNI) rights issue ahead of its own, Mandiri’s chief financial officer Pahala N. Mansury said Sunday.
Mandiri to offer $1.6bln rights issue in 2011
Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said it supported the government’s decision to put the Bank Negara Indonesia (BNI) rights issue ahead of its own, Mandiri’s chief financial officer Pahala N. Mansury said Sunday.
Maybank Syariah Indonesia may launch operations next year
Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.
Mandiri selects six global banks for rights issue
Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.
Mandiri may increase rates on central bank's policies
Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.
Bank Negara Indonesia targets $1.1bln from rights issue
Target up from $400mln as market has become more conducive for raising funds.
Mandiri is now the majority stakeholder of AXA
51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.
Indonesian banks fatten cash supply as festivities near
Branches allot additional cash for ATMs as Idul Fitri celebrations approach.
Mandiri targets raising rights issue to $1.56bln
Lender waits for parliament’s approval in move that would sustain lender’s capital until 2014.
CIMB Group integrates transaction banking across the region
Introduced single internet banking platform across Malaysia, Indonesia, Singapore and Thailand.
Bank Rakyat takeover of Bank Agro nears
$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.
StanChart injects $100mln capital to its Indonesia unit
To maintain CAR at 15%-16% and would ask for additional capital to be within safe level.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Bank Mandiri picks Zulkifli Zaini as president
Zaini will replace incoming Indonesian finance minister Agus Martowardojo.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
CIMB Niaga to sell $162mln worth of bonds
Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.
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