Indonesia

Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.

Unable to lower commercial bank interest rates, Indonesia's central bank decided to nominate the rates beginning the close of the first quarter.

Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.

A leading Singapore bank raises the issue that some Indian taxes restrict the growth of branch banking in India.

Bank Sinarmas hopes to expand operations by offering rights issue of shares in the second quarterand  by tapping foreign in vestments.

CIMB Niaga, Indonesia's fifth-largest bank, has named Sri Nazir Razak to replace retiring president commissioner Mohd. Shukri.

Garuda Indonesia signed an MoU with Bank Mandiri on joint promotion.

The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.

Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above.

Maybank is seeking investors for 20% of BII stake as Indonesian regulator ordered to sell down its stake in BII to 80%.

Mandiri’s alliance with Prima made the interconnection possible.

The bank will expand its retail lending, private banking and asset management businesses, with a special focus on China, India, Indonesia and Australia.

Indonesia's commercial banks were told to cut interest rates on loans to less than 10 percent to fuel economic growth.

Fitch expects lower but still healthy loan growth in 2012 - but how healthy is it?

Garuda Indonesia and Bank BPD Yogyakarta have signed an MoU for ticket purchases.

Bank Islam is eyeing opportunities for expansion in Indonesia and Bangladesh.