Indonesia

It is not an overnight product!

A 22.8 percent increase in credits.

To raise funds for business expansion.

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

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

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

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

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

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

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

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.

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

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

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

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.

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.