Indonesia
AXA and Bank Mandiri acquires general insurance business
AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.
AXA and Bank Mandiri acquires general insurance business
AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.
Bank Central Asia third quarter profit up 42% to $323.35 mn
Bank Central Asia (BCA), Indonesia's No. 3 lender, on Monday said its third quarter 2011 net profit rose 42 percent from a year ago, driven by strong loan growth.
Indonesia's ATM networks to be integrated by 2012
The integration of three ATM providers into a combined system should be completed by the end of 2012, a central bank official has said.
CIMB Niaga, BCA earnings boosted by surge in loans, fee revenue
Bank Central Asia and Bank CIMB Niaga, posted strong earnings in the first nine months of the year due to strong loan growth, according to a Jakarta Globe report.
Bank Mandiri sees 21% surge in lending in 2012
The bank believes it would be able to reach its target if Indonesia’s economic growth expands more than 6% next year.
Bank Rakyat Indonesia 2012 loans to grow 20%
The lender’s profit soared 58% to $771.2mn) in the first half.
Bank Indonesia requires banks to issue more advanced cards
The regulation aims to protect customers from a repeat of a massive fraud in 2010.
Bank Danamon and Manulife unite for bancassurance
The tie-up to targets Indonesia’s growing middle class.
Bank Mandiri and Rintis Sejahtera join ATM PRIMA Network
The agreement to increase transactions through Bank Mandiri’s electronic network while improving transaction efficiency.
Bank Mandiri sees 27% loan growth by yearend
The lender sees growth to beat the initial 22% estimate.
Bank Central Asia starts offering BlackBerry banking service
The lender taps Indonesia’s 3mn BlackBerry users and 4.7mn of its mobile banking customers.
Bank Mandiri strikes deal to join BCA ATM network
The MOU seen as a positive development toward broader and more efficient banking services in Indonesia.
Indonesian lenders among the most resilient
A Deutsche Bank report said the country’s banks can weather recessionary risks and severe shocks to the international banking system.
Bank Mandiri to introduce banking to students
The part of the lender’s school banking program is putting up miniature banks in target 68 schools.
Bank Danamon earns $564mn in rights issue
Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.
Indonesia to oblige forex savings in local banks
Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakarta Post.
Bank Indonesia to keep policy rate at 6.75% till year-end
DBS expects monetary tightening to kick-start again in Q1 2012.
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