Indonesia

Commonwealth Bank Indonesia is tapping into the increasing number of middle-class people using mobile banking.

Indonesia’s banks are attracting foreign firms for its booming growth and an untapped market of tens of millions.

Bank Islam Malaysia is still keen on buying a stake in a Islamic financial institution in Indonesia although no decision has been made on potential Indonesian acquisitions.

Indonesia is again on the front pages of the newspapers, now it is the largest bank acquisition since years. DBS Singapore will take full control of Danamon Bank.

Bank Jabar reported a 21 percent increase in lending in the first quarter of the year.

Bank Mandiri expects to provide renminbi financing services to Mainland clients within three years.

The government has already sold US$1.5 billion of local Sukuk in March this year, says HSBC Amanah head Herwin Bustaman.

Bank Danamon fueled a 23 percent year-on-year growth in loans for Indonesia’s in the first quarter of 2012.

Affin Bank is still interested in acquiring at least 51 per cent or a majority stake in Indonesia's PT Bank Ina Perdana.

Indonesian banks should be given equal treatment in operating in Singapore as a condition for the approval of DBS Bank’s bid for Bank Danamon.

BNI is expecting to earn more from its bancassurance business with new deals from several insurance companies.

Maybank may bid for Al Amanah Islamic Bank of the Philippines, who is looking to sell a 49% to 100% stake.

A Malaysian financial group remains undeterred by Indonesian moves to cap foreign ownership in its banks.

Standard Chartered Bank will collaborate with Garuda to enhance the latter's Garuda Frequent Flyer customer loyalty program.

Panin Group does not expect to sell its controlling 46 per cent stake in Bank Pan Indonesia this year due anticipated strong growth.

Panin Bank hopes to raise as much as US$272.9 million from the financial markets to strengthen its capitalization.