Indonesia

Bank BJB has signed an agreement with PT iAsia Sakatama, a Malaysian remittance company, to cooperate in remittance business.

Bank Indonesia warned commercial banks not to use non-collateral loans to finance customers who were unable to pay the required downpayment.

Bank Negara Indonesia to get more Japanese companies to deposit their funds with them following a partnership agreement with Joyo Bank.

There'll be 894m users by 2015, and emerging markets better be prepared.

In the last few months, overseas analysts and bankers were echoing that Indonesia is losing its sparks as favorite investment destination by investors due to new tighter regulations for mainly the mining and banking industry.

Guess which country could be the key player for Islamic banking?

riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.

BNI is looking to partner with 46 Japanese regional  operating in Indonesia within the year.

Bank Indonesia will require also Shariah banks to toughen down payments on housing and automotive loan.

Bank Negara Indonesia earmarked $106 million improve its information technology system.

Bank DKI plans to open a branch in Surabaya this month, according to its president director Eko Budiwiyono.

OCBC NISP posted a net income of Rp 407 billion in the first half.

Bank Internasional Indonesia reported a 61 percent net income increase in the first half with Rp 592 billion or $63 million.

Bank Mega credited their focus on credit disbursement to SMEs in doubling its net profit to Rp 909 billion or US$96.35 million in the first half.

OCBC NISP is assessing five to 10 financing companies as acquisition targets and has prepared Rp 500 billion to Rp 1 trillion for the transaction.

Maybank expects to keep its controlling stake in Bank Internasional Indonesia despite the recent change in bank ownership rules in Indonesia.