Indonesia

Aggressive push from the lender’s high-ranking officials added holders to 1mn.

Head of Credit Operation Department Aris Pranata faces anticorruption charge with possible penalty of 20 years of imprisonment.

PT Bank Pan Indonesia is eyeing a 25 per cent growth from its 2010 lending total of US$6.2 billion.

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.

The country’s biggest lender in term of assets, state-owned Bank Mandiri, has earmarked US$12 million for IT system development.

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.

BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .

Several banks expressed interest in establishing sharia banks in Indonesia.

Standard Chartered Bank opened three new branches in Jakarta on Friday as part of its expansion plans.

A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.

Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.

BII reported a net profit of US$51.7 million for the full year of 2010.

The lender aims to pass Bank Indonesia’s standard for making Indonesian lender global via right issue.

BNI will receive a US$150 million loan from US Exim Bank to improve its liquidity, and to finance Indonesian importers.

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 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.