Indonesia

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.

Indonesia’s largest lender will use the investment to improve its information technology system to increase its efficiency.

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.