Indonesia

Three investors have officially expressed interest in purchasing the Bank Mutiara.

The Islamic Development Bank officially informed  Bank Indonesia of its postponement in selling its shares of PT Bank Muamalat Tbk.

The move aimed to promote good corporate governance and strengthen control of local banks.

Increase in soaring net interest income, growing fee-based income and recovery in bad loans fuelled the profit rise.

Indonesia’s average annual 6% growth opens up opportunities for more small loans.

This was largely driven by 10.3% QoQ growth in commercial and SME loans.

Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.

Maybank plans to add 120 branches in Indonesia overthe next two years.

Indonesian central bank will cut ownership of individual investors on commercial banks so as to make banking sector more financially prudent.

CIMB Niaga will lend financial assitance to 7-Eleven suppliers.

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.

AndaraLink offers 40mn Indonesians access to financial services via mobile terminals.

The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.

The lender plans to establish four more points this year bring itself closer to clients at the heart of export and import activities.

The lender’s corporate banking director Dani Prabawa replace Gunawan as UOB confirmed the latter’s transfer to them.

Papua New Guinea's Nationwide Microbank has signed up its 100,000th customer.