Indonesia

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.

Citibank Indonesia saw its profits from January to September go down by 27 percent.

Bank Indonesia raises concern on regulating e-money transactions for consumer safety.

Bank Indonesia is calling for regulators to monitor purchases and banking transcations made through cellphones.

Bank Rakyat Indonesia's local expansion plans include buying into a local brokerage company or acquiring a bank.