Indonesia
Maybank to add 120 Indonesian branches in 2 years
Maybank plans to add 120 branches in Indonesia overthe next two years.
Maybank to add 120 Indonesian branches in 2 years
Maybank plans to add 120 branches in Indonesia overthe next two years.
Indonesia to limit bank ownership
Indonesian central bank will cut ownership of individual investors on commercial banks so as to make banking sector more financially prudent.
CIMB Niaga to provide loans to 7-Eleven suppliers
CIMB Niaga will lend financial assitance to 7-Eleven suppliers.
HSBC Indonesia sees increased renminbi utilization
A senior official at Indonesian branch of HSBC said on Thursday that Chinese currency Renminbi would be one of three primary currencies, besides US dollar and Euro, used in international trade by 2015.
Bank Andara launches world’s first mobile-enabled microfinance services network
AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.
StanChart Indonesia seeks to take over Bank Muamalat
The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.
Bank Danamon set to launch 5 trade service points
The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.
DBS Indonesia president-director Hendra Gunawan resigns
The lender’s corporate banking director Dani Prabawa replace Gunawan as UOB confirmed the latter’s transfer to them.
Papua's Nationwide Microbank signs up 100,000th customer
Papua New Guinea's Nationwide Microbank has signed up its 100,000th customer.
UOB’s Indonesia business growing strongly
UOBI aims to achieve a pre-tax profit of 30% by 2015.
Mega banned: Indonesia’s Mega Bank banned from opening new branches
Mega has weak internal control, and Bank Indonesia isn’t happy about it.
Indonesia banks step up launch of microlending units
Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.
Bank Mandiri plans buying micro banks
Availability of funds the allows the lender to expand network by buying medium sized banks.
StanChart affiliates, OCBC eye Bank Muamalat
A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank Muamalat Indonesia.
Bank Mandiri to allocate 1/3 of profits for dividends
Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.
Bank Mega fraud investigation still underway
Bank Indonesia will need one more week to complete its investigation into the alleged cases of fraud at Bank Mega.
Bank Mandiri first quarter profit up 89% to $444.45mn
Analysts estimate the bank’s 2011 profit to rise 28% to $1.38bn following gain from the stake sale in Garuda Indonesia's IPO.
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