Indonesia

Indonesia, Korea unveil operational guidelines for local currency transactions

This is part of the two countries’ agreement to promote bilateral transactions in local currency.

Indonesia, Korea unveil operational guidelines for local currency transactions

This is part of the two countries’ agreement to promote bilateral transactions in local currency.

OCBC Indonesia undergoes rebranding, logo change for a unified financial future

The emblematic change carries OCBC Group’s ‘One Brand, One Group Unity’ strategy across markets in Singapore, Malaysia, Hong Kong, Macau, and mainland China.

Robust profits, lower credit costs to buoy Indonesia’s banks in 2024

The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.

Bank DBS Indonesia avails fast, reliable and sustainable corporate banking

Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.

Digibank by DBS sets new digital banking standards

Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.

Citi completes sale of Indonesia consumer business to UOB

This marks Citi’s ninth and final full consumer divestiture in Asia.

OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m

PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.

Bank Rakyat Indonesia issues new green bonds worth IDR6t

This is in line with the BRI’s commitment to sustainable finance.

JCB, Indonesia’s BNI launch credit card with focus on dining

Cardholders will get a $974 cashback if they spend $9,750 across a certain period.

MUFG closes $404m green loans to build two data centres in Jakarta

This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.

Bank Rakyat Indonesia’s assets leaps 9.2% YoY in Q2

It boosted its consolidated earnings to IDR23.56t.

Advisory takes centre stage in Danamon's next-Generation Branches

Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.

SkorLife takes $4m seed funding to empower Indonesians with financial literacy

This fintech startup plans to leverage technology to lift the Indonesian market’s potential for better financing.

Fasset superapp aims to use digital assets to drive financial inclusion

The digital asset company plans to eventually offer remittance, lending, and borrowing.

MUFG buying 80.6% shares in Indonesia’s PT Mandala Multifinance Tbk for $468m

MUFG will hold 70.6% of shares whilst PT Adira Dinamika Multi Finance Tbk will hold 10%.

3 principles guide Bank Aladin Syariah in tapping Indonesia’s customer segments

Within a year, the digital sharia bank got past low penetration to record 1.7 million customers and now targets multiple times growth by end-2023.