Indonesia

Bank BJB increased its net profit by 10.29 percent to Rp 600 billion or US$63.21 million the first half.

Bank Mega doubled its net profit to US$96.35 million or Rp 909 billion in the first half of 2012 from Rp 431 billion last year.

Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and other companies.

Bank Negara Indonesia anticipates a 40 percent growth in its credit card transaction value in 2012 as it intensifies cooperation with merchants and other companies.

Indonesia is limiting single ownership of domestic financial institutions to 40% under new rules but with certain exceptions.

Bank Tabungan Pensiunan Nasional's net income increased by 57.4 percent to Rp 921 billion or $98 billion in the January-June period.

Maybank expressed its long term commitment to Indonesia and that it will continue to play an important role in supporting the growth of its economy and the financial services industry.

Thailand's Kasikornbank has teamed up with Indonesia's Bank Central Asia in offering financial services to Thais doing business in Indonesia.

A slowdown in exports and a new lending rules will hobble lending growth by Indonesia's commercial banks in the second half of the year.

Bank Mandiri will continue to make innovations in business development to become one of Southeast Asia's major banks.

Bank Jatim's lending in the first half has reached 94 percent of its full-year target touching Rp 18 trillion or US$1.9 billion, up 12 percent from last year.

PT Bank Central Asia expects lower consumer lending due to the implementation of minimum down payments.

Bank Mutiara's net profits fell 57 percent to Rp 86 billion or US$9 million in the first semester.

Bank Mandiri will focus on increasing its share of low-cost third-party funds such as savings and current accounts to 70 percent.

Bank Mandiri may open branches in three neighboring countries as part of its plan to become a top lender in Southeast Asia.