Indonesia

Bangkok Bank opened its 26th foreign branch in Surabaya, Indonesia to help international business clients deal with international transactions and loans.

Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier.

The shareholders of Bank BJB approved the disbursement of a dividend at Rp 61.07 or 0.66 US cents a piece for the 2011 financial year.

Permata Bank Syariah is targeting a lending growth of 65 percent this year.

PermataBank Syariah reported a profit of Rp 133 billion or US$14.45 million in 2011, reports Jakarta Post.

Japan’s second largest bank in assets is putting its money on Indonesian infrastructure projects.

PT Bank DBS Indonesia posted a 74.4 percent increase in net profits to Rp 384 billion or US$41.8 milion in 2011.

Bank BJB’s lending grew by 21.52 percent last year to Rp 28.76 trillion or US$3.13 billion.

Bank Mega's net income went up 12 percent from the previous year to more than a Rp 1 trillion or US$109.3 million.

Indonesia's largest banks will start chasing high yields from retail loans.

Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion or US$170 million.

Bank Mandiri and Bank Central Asia may have broken the US$1.1 billion or Rp 10 trillion mark in net profits.

Bank Danamon launched Manchester United debit and ATM cards with benefits ranging from shopping deals to watching the team’s matches live.

Hotel Sahid Jaya will use US$13 million from the US$ 19.7 milion it will borrow to refinance its loans from Mega Bank.

Bank Mandiri will disburse loans to cooperatives of oil palm farmers to boost the amount of credit disbursed to SMEs this year.

Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,