Indonesia

Indonesian banks should be given equal treatment in operating in Singapore as a condition for the approval of DBS Bank’s bid for Bank Danamon.

BNI is expecting to earn more from its bancassurance business with new deals from several insurance companies.

Maybank may bid for Al Amanah Islamic Bank of the Philippines, who is looking to sell a 49% to 100% stake.

A Malaysian financial group remains undeterred by Indonesian moves to cap foreign ownership in its banks.

Standard Chartered Bank will collaborate with Garuda to enhance the latter's Garuda Frequent Flyer customer loyalty program.

Panin Group does not expect to sell its controlling 46 per cent stake in Bank Pan Indonesia this year due anticipated strong growth.

Panin Bank hopes to raise as much as US$272.9 million from the financial markets to strengthen its capitalization.

BNI collected up to Rp 1.8 trillion or US$198 million in new mortgages in the first three months of 2012.

Credit cards issued in Indonesia increased to 14.58 million in February from 13.8 million over the corresponding period last year.

Bank Mutiara is expecting its value to increase by joining the ATM network of BCA.

The Indonesian central bank is set to discuss with the DBS Group about its plan to buy 99 percent of Bank Danamon shares.

Indonesian lawmakers resort to using legislative powers as they realize that blocking deals proves futile.

BCA will add between 2,500 to 3,000 ATMs throughout the country this year, according to its executive director Jahja Setiatmadja.

DBS plans to acquire remaining less than 30% listed shares from minor shareholders through amandatory tender offer of IDR7,000 per share.

"The key will be to develop the breadth of coverage and distribution of the variety of products we offer in Indonesia," says Miles Remington, BNP Paribas' new head of equities for Indonesia.

Investors have expressed interest in buying a stake in Bank Danamon from its controlling shareholder.