Indonesia

But profit may be disappointing.

Loans are for the infrastructure, consumer goods and plantation sectors.

The opening of more branches throughout Indonesia will help attain this goal.

Urges development of local bond market instead.

Singapore has long been considered the epicentre of wealth management and financial services for Asia, and to a greater extent the globe. However an up and coming South East Asian country is quickly catching up to the diminutively sized island nation to become a financial powerhouse in the region…

The bank’s loan growth slowed to 14.4% in FY12.

Thanks to NPLs declining to 2.8% in 2012.

Average loan yields in micro loans have dropped to 20% in 2012.

And check out the 2 upside risks.

Branch network increased by 1.6 times between 2009 and 2012.

It's at 29% of GDP.

BNI now has 1,447 outlets from only 939 in 2009.

Thanks to the 6,000 newly-hired loan account officers.

Having the lowest cost of deposits is an advantage.

Fee income grew 21% in FY12.

They're expanding beyond their "core" lending segments.