Indonesia

BRI rejects rumours of Sharia bank stake purchase

BRI rejects rumours of Sharia bank stake purchase

The purchase may need more foresight as the bank in question has high bad loan levels.

Can Indonesian banks survive the severe local currency depreciation?

The Indonesian rupiah has plunged to a three-year low which might level strain on the banking system.

Indonesia eyes tighter fintech regulations to curb loan shark activity

Fintech firms will be compelled to be registered with authorities.

Bank Negara Indonesia profits up 13.3% to $258.48m in Q1

Interest income, fee income, and loan recovery buoyed quarterly learnings.

PT Bank Mandiri teams up with Lombard Odier to boost offshore business

The bank’s subsidiary will offer a more diversified portfolio to lure asset repatriation.

Indonesia makes headway in curbing its unbanked population

Almost half of adults now have a bank account, up from a fifth in 2011.

Bank Rakyat Indonesia poised for double-digit earnings growth

Potential savings between $217m to $363m could buoy the bank from a three-year decline.

Indonesian banks' loan growth poised to hit 8.3% in Q1

Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.

Indonesian banks shoulder growing bad debt burden

NPL volumes hit $9.8b in 2016 representing almost a double increase in bad loan ratio.

Indonesian banks' loans rose 8.2% in February

Banks are similarly targeting higher loan growth of 12% in 2018.

Indonesia imposes new capital surcharge for top lenders

Banks must deal with surcharge of 1% to 3.5% of risk weighted assets.

More than 70 delegates graced the Retail Banking Forum 2018 in Jakarta

The forum focused on digital transformation and emerging technologies.

Celent's Eiichiro Yanagawa to speak on open API banking at the 2018 Banking Forum in Jakarta & Bangkok

He will talk about the global trends on open banking and Japanese banks' API efforts.

BTPN powers its mobile banking platform and mobile app

This partnership with Software AG has led to reduced error rates and lower branch operation costs.

Monitor Deloitte's Mohit Mehrotra to join the 2018 Retail Banking Forum as thought leader

He will discuss the big shifts and their implications on financial services.

Bank Danamon's net profit grows 38% to $259m

Most income statements improved except weak fee-based income.

Bank Mandiri's 4Q17 profits up 211% YoY to $411m

This is on the back of lower provisions and solid non-interest revenue.