Indonesia

Bank Islam Malaysia Bhd plans to expand its operations in Indonesia and other countries where there are a majority of Muslims.

Jain was previously GTS’s Regional Head of Public Sector, Asia Pacific.

Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S. dollars year on year in September.

Indonesian banks were asked to decrease their interest rate in order to help spur economic growth.

Inong Malinda Dee faces five to 20 years imprisonment if convicted.

Bank Himpunan Saudara will issue two series of bonds worth Rp 200 billion or $22.6 million to help finance its loans expansion.

Mandiri Manajemen Investasi will continue to expand the amount of overseas funds in the $2.2 billion that it manages.

Three brokerages nominated Bank Rakyat Indonesia as their top pick for banking stocks due to strong profitability from its key businesses.

Bank Indonesia will revise credit card rules to require a minimum age and salary, capping the number of cards owned, limiting maximum interest rates and regulating the debt collection process.

The move will enable public shareholders to control 20 percent of Agroniaga.

The MOU paves way to provide banking services particularly to people living in remote areas not yet covered by BCA.

AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.

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.

The integration of three ATM providers into a combined system should be completed by the end of 2012, a central bank official has said.

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.

The bank believes it would be able to reach its target if Indonesia’s economic growth expands more than 6% next year.