Indonesia
CIMB Niaga micro-lending doubles to $19.03mn
The lender was able to release $57.25mn in 2010 as the lender sees room for further optimization on business behind huge market potential.
CIMB Niaga micro-lending doubles to $19.03mn
The lender was able to release $57.25mn in 2010 as the lender sees room for further optimization on business behind huge market potential.
CIMB Niaga’s credit card holders grow 45%
Aggressive push from the lender’s high-ranking officials added holders to 1mn.
Bank Mandiri official sued for loan manipulation
Head of Credit Operation Department Aris Pranata faces anticorruption charge with possible penalty of 20 years of imprisonment.
Bank Panin targets eyes 25 % lending growth
PT Bank Pan Indonesia is eyeing a 25 per cent growth from its 2010 lending total of US$6.2 billion.
BCA net profit down 29% in Q4
PT Bank Central Asia its saw 2010 fourth quarter net profit slide 29 percent as net interest income dropped and competition for consumer loans grew.
Mandiri allocates $12M for IT development
The country’s biggest lender in term of assets, state-owned Bank Mandiri, has earmarked US$12 million for IT system development.
Indonesia's Islamic bank assets forecasted to grow by 55%
The assets of Indoenesia's Islamic banks are expected to grow by half this year. Indonesia's central bank noted that the state increasingly turns to the sector for their financial needs.
Indonesia to join International Islamic finance group
BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .
More sharia banks planned in Indonesia
Several banks expressed interest in establishing sharia banks in Indonesia.
StanChart opens 3 new branches in Jakarta
Standard Chartered Bank opened three new branches in Jakarta on Friday as part of its expansion plans.
Indonesian banks lag behind in ASEAN
A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.
Indonesia extends deadline for single bank ownership
Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.
BII rebounds with $51.7M net profit
BII reported a net profit of US$51.7 million for the full year of 2010.
Bank Mandiri targets international bank status
The lender aims to pass Bank Indonesia’s standard for making Indonesian lender global via right issue.
BNI to receive $150M loan from US Exim Bank
BNI will receive a US$150 million loan from US Exim Bank to improve its liquidity, and to finance Indonesian importers.
Mandiri, Bulog sign agreement on online transaction services
BanMandiri will provide online transaction services for Bulog to ease its operational work. The State Logistics Agency, Bulog, will focus its efforts on providing sufficient food stocks to the country.
QNB's Bank Kesawan acquisition concluded
QNB Group announced Thursday a conclusion of a rights issue process for its acquisition of Bank Kesawan shares. QNB now owns a controlling 65.59 percent stake in Kesawan.