Indonesia

Indonesia issues a Merger Control Regulation

The recently issued "Merger Control Regulation" introduces new notification requirements for mergers, consolidations or acquisitions in Indonesia.

Indonesia issues a Merger Control Regulation

The recently issued "Merger Control Regulation" introduces new notification requirements for mergers, consolidations or acquisitions in Indonesia.

Maybank unveils Syariah bank in Indonesia

Maybank Syariah Indonesia part of Group’s aspiration to extend its Islamic banking operations regionally.

Indonesian regulator grants Maybank extension to cut BII stake

Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.

Bank Rakyat Indonesia eyes buying mid-sized lender

Aims to buy majority stake of a smaller bank with identical vision with its micro-loan expansion.

Bukopin eyes loans through share sales

Bank Bukopin plans to raise up to US$ 112 million through a rights issue to finance credit expansion. The sale could potentially see the bank change hands.

Indian bank keen on Indonesian expansion

State Bank of India is keen on expanding its presence in South East Asia by acquiring an Indonesian bank. The bank has allotted USD 100 million for the deal.

Bank Danamon to issue $224mln bonds

Proceeds will be used for SME lending as conducive business condition fuelled the lender’s 25% growth in September.

Indonesian banks to educate students to save

Lenders open savings account program for students to boost Indonesia’s saving ratio, the lowest among ASEAN countries.

Danamon plans to launch $330mln bonds in November

The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.

Bank Negara Indonesia plans launching $1.4bln rights issue

BNI plans a December rights issue after Indonesian government delayed Bank Mandiri's $1.5bln plans until 2011.

Mandiri to offer $1.6bln rights issue in 2011

Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said it supported the government’s decision to put the Bank Negara Indonesia (BNI) rights issue ahead of its own, Mandiri’s chief financial officer Pahala N. Mansury said Sunday.

Maybank Syariah Indonesia may launch operations next year

Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.

Mandiri selects six global banks for rights issue

Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.

Mandiri may increase rates on central bank's policies

Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.

Bank Negara Indonesia targets $1.1bln from rights issue

Target up from $400mln as market has become more conducive for raising funds.