Indonesia

The tie-up to targets Indonesia’s growing middle class.

The agreement to increase transactions through Bank Mandiri’s electronic network while improving transaction efficiency.

The lender sees growth to beat the initial 22% estimate.

The lender taps Indonesia’s 3mn BlackBerry users and 4.7mn of its mobile banking customers.

The MOU seen as a positive development toward broader and more efficient banking services in Indonesia.

A Deutsche Bank report said the country’s banks can weather recessionary risks and severe shocks to the international banking system.

The part of the lender’s school banking program is putting up miniature banks in target 68 schools.

Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.

Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakarta Post.

DBS expects monetary tightening to kick-start again in Q1 2012.

Higher lending and fee-based income growth attributed to earnings rise.

'Verified by Visa' feature combines e-commerce platform and security.

Maybank hopes Indonesian ruling on bank shareholding will not be detrimental to foreign investors.

The rights issue’s proceeds targeted to increase lending in small-to-middle sized businesses and the automotive sector.

In Shanghai, the lender will provide corporate fund collection, corporate loan distribution, export import trade transactions and remittance services.

Bank Indonesia and Bank Negara Malaysia lead ASEAN banking integration by 2020.