Indonesia

Bank Rakyat is on track to achieve its 2012 pre-tax profit and zakat target of RM2 billion.

It's on a declining trend.

Industrial and Commercial Bank of China seeks strong presence in Indonesia.

A new lender will be created by two Indonesian companies this year.

Bank Mutiara will increase the proportion of its low-cost funds to total third-party funds.

Shareholders of Mutiara Bank agreed to appoint Sukoriyanto Saputro as president director.

Credit cards in circulation in Indonesia is expected to grow by around 17 million this year.

Japan's BTMU is looking to offset its stagnant domestic market by acquiring an Indonesian bank.

Maryono will replace Iqbal Latanro as Bank Tabungan Negara president director for the period of 2012-2017.

There were 141 state-controlled firms in Indonesia that booked a combined 11 percent rise in net income this year.

Maybank has pushed back to June the deadline for it to refloat a 20 percent stake in Bank Internasional Indonesia.

Bank Mandiri injected US$31 million or Rp 300 billionto its Islamic unit. Bank Syariah Mandiri.

Indonesia's Financial Services Authority has the authority to investigate cases in the banking sector.

Citra Marga Nusaphala Persada has offered to acquire Bank Mutiara.

Shinhan Bank will acquire a 40 percent stake in Bank Metro Express, an Indonesian bank.

The persistent sluggishness and ominous uncertainty in Europe and United States economies, flanking warnings coming from different multilateral institutions, the continuing debt problems and economic fragilities in EU member countries and looming fiscal cliff in United States, indicate risks of global economic forecasts remaining on the downside in the short to medium term.