Indonesia

Outlook remains bleak for Bank Danamon despite 17% profit growth in 1Q16

Declining TD rates could be a drag on further deposit raising.

Indonesian banks to face persistent headwinds in 2016: Fitch

Second-tier lenders are in a more vulnerable position.

Citi appointed global custodian for the first Global Sharia Funds in Indonesia

The funds are managed by Schroders, BNP Paribas and Manulife.

Indonesia's reserve requirement cut from 7.5% to 6.5%

It will free up $2.5 billion of banks' mandatory deposit reserves.

Maybank Indonesia's net profit surged 61% in 2015

Net profit after tax and minority interest reached Rp1.14 trillion.