Indonesia
Indonesia to introduce ‘Branchless Banking’
Indonesia to introduce ‘Branchless Banking’
Bank Indonesia wants banks to improve access to banking by introducing the so-called branchless banking.
Bank Indonesia identifies 3 bank ownership standards
Investors wanting to own 40 to 90 percent of Indonesian banks should be healthy, should be listed and agrees to buy debt certificates that can be converted into equity.
Indonesia signs financial Pact With Australia, South Korea
Indonesia, Australia and South Korea will now cooperate in exchanging informartion on banking supervision.
Bank Jatim targets $212M from IPO
Bank Jatim expects to raise up to Rp 1.9 trillion or US$212 million from an IPO to be launched in July.
Reliance Finance eyes 16% credit growth
Reliance Commercial Finance will increase focus on SMEs to achieve its target credit growth rate of 15-16 percent this fiscal.
J.P. Morgan's Michael Sugirin to embrace a 'culture of change'
"As the Indonesian market continues to grow in stature and global presence, those who innovate will emerge at the top of the pile," says JP Morgan's new head of treasury services.
CIMB eyes second listing in Indonesia after Malaysia
CIMB plans to be listed on the Indonesia Stock Exchange, though currently it is only listed on Bursa Malaysia.
Indonesia’s Bank Jabar to acquire 51 small banks
Bank Jabar plans to buy a majority stake in 51 rural banks this year to tap the potential of small and micro businesses.
Indonesia eyes more measures to ease rupiah volatility
Indonesia is planning to introduce more monetary measures to ease volatility.
BNI profits up 23%
Higher income from interest and transaction fees pushed BNI's first quarter net profits up by 23 percent.
Bank health to determine ownership in Indonesian banks
Bank Indonesia's new rules setting caps on a single lender's ownership percentage of banks is dependent the acquiring bank's financial health.
ANZ targets top spot in Indonesian lending business by 2015
ANZ Indonesia will focus on lending to exporters as it aims to be Indonesia’s leading lender to commercial businesses within three years.
Internet banking not popular in Indonesia
Transaction complexity is holding back the growth of Internet banking in Indonesia.
Malaysian banks wary of Indonesia's new share limit
Malaysia’s CIMB and Maybank would be the most affected by Indonesia's new regulation limiting the maximum bank ownership of a single shareholder to below 50 percent.
Maybank hopes Indonesia's banking regulation will not hamper it
Maybank is hoping that a proposed limitation of shareholding in Indonesian banks will not apply to the banking group.
Bank Syariah Mandiri posts Q1 net profit of $20.6M
Margin income and profit sharing pushed Bank Syariah Mandiri's first quarter net profit up by 42.87 percent from last year to Rp192.72 billion or US$20.6 million.
Bank Permata targets $75.6M capital increase
Bank Permata is hoping to beef up its capital by up to US$75.6 million or Rp 700 billion from the first issuance of subordinated bonds.
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