Indonesia

Bank Negara Indonesia earmarked $106 million improve its information technology system.

Bank DKI plans to open a branch in Surabaya this month, according to its president director Eko Budiwiyono.

OCBC NISP posted a net income of Rp 407 billion in the first half.

Bank Internasional Indonesia reported a 61 percent net income increase in the first half with Rp 592 billion or $63 million.

Bank Mega credited their focus on credit disbursement to SMEs in doubling its net profit to Rp 909 billion or US$96.35 million in the first half.

OCBC NISP is assessing five to 10 financing companies as acquisition targets and has prepared Rp 500 billion to Rp 1 trillion for the transaction.

Maybank expects to keep its controlling stake in Bank Internasional Indonesia despite the recent change in bank ownership rules in Indonesia.

Indonesia’s bankers are the best paid in Asia while its banks are the most profitable in Southeast Asia.

Bank BJB increased its net profit by 10.29 percent to Rp 600 billion or US$63.21 million the first half.

Bank Mega doubled its net profit to US$96.35 million or Rp 909 billion in the first half of 2012 from Rp 431 billion last year.

Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and other companies.

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and other companies.

Indonesia is limiting single ownership of domestic financial institutions to 40% under new rules but with certain exceptions.

Bank Tabungan Pensiunan Nasional's net income increased by 57.4 percent to Rp 921 billion or $98 billion in the January-June period.

Maybank expressed its long term commitment to Indonesia and that it will continue to play an important role in supporting the growth of its economy and the financial services industry.