Indonesia
Indonesia to join International Islamic finance group
BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .
Indonesia to join International Islamic finance group
BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .
More sharia banks planned in Indonesia
Several banks expressed interest in establishing sharia banks in Indonesia.
StanChart opens 3 new branches in Jakarta
Standard Chartered Bank opened three new branches in Jakarta on Friday as part of its expansion plans.
Indonesian banks lag behind in ASEAN
A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.
Indonesia extends deadline for single bank ownership
Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.
BII rebounds with $51.7M net profit
BII reported a net profit of US$51.7 million for the full year of 2010.
Bank Mandiri targets international bank status
The lender aims to pass Bank Indonesia’s standard for making Indonesian lender global via right issue.
BNI to receive $150M loan from US Exim Bank
BNI will receive a US$150 million loan from US Exim Bank to improve its liquidity, and to finance Indonesian importers.
Mandiri, Bulog sign agreement on online transaction services
BanMandiri will provide online transaction services for Bulog to ease its operational work. The State Logistics Agency, Bulog, will focus its efforts on providing sufficient food stocks to the country.
QNB's Bank Kesawan acquisition concluded
QNB Group announced Thursday a conclusion of a rights issue process for its acquisition of Bank Kesawan shares. QNB now owns a controlling 65.59 percent stake in Kesawan.
Bank Rakyat Indonesia forecasts 2010 profit up 15%
Yet BRI’s $922mn estimated profit might fall second to Bank Mandiri’s $942.35mn.
Moody's raises FC deposit ratings of Indonesian banks
Moody's raised the foreign currency long-term deposit ratings of 10 Indonesian banks to Ba2 from Ba3. The revised ratings carry stable outlooks.
Bank Negara Indonesia launches micro loans for migrant workers
The lender had already released US$222,000 to migrant workers from the East Java town of Kediri.
Bank Jabar to use bond sale proceeds for expansion
Bank Jabar Banten is relying on a major bond sale in January to help it expand its lending business.
DBS Indonesia to focus on SMEs
DBS Group of Singapore will cater to to small- and medium-sized enterprises in its plan of expanding in Indonesia.
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