Indonesia

The industry is short of 30,000 people.

Raised Fasbi to 4.25% yesterday.

Philippines asks Indonesia for assistance.

Shariah banks’ assets grew to US$21.8 billion in 2012 from 2011.

Bank Indonesia will introduce e-money in June.

Card will support business development and activities.

Since reference rate is at its lowest throughout the history, whilst inflation stays low, the banks struggle to earn yield. The big banks cut interest rate for their clients with pleasure and aggressively grab loan market share as a means to maintain their profitability and bottom line growth.

Limits foreign ownership in banks to only 51%.

Corporate lending is only 11% of its loan book.

Will acquire a 40% stake in PT Bank Tabungan Pensiunan Nasional.

Amount is equivalent to 30% of net income last year.

New banking bill could also exempt foreign banks involved in wholesale business from this.

Move due to Indonesia’s rising investment and strong domestic consumption.

Move suggests possible political intervention in the high-profile takeover.

Bank Danamon to merge with Bank DBS Indonesia if deal pushes through.

Barclays says credit quality is stable.