Indonesia
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Bank Mandiri picks Zulkifli Zaini as president
Zaini will replace incoming Indonesian finance minister Agus Martowardojo.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
CIMB Niaga to sell $162mln worth of bonds
Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.
Bank Ekonomi increases 1Q profits by 30%
Bank Ekonomi reported profit before tax of US$17 million for the three months to 31 March 2010. It is an increase of 50 percent on the same period in 2009.
CIMB Niaga enhances remittance service to migrant workers
Offers remittance, credit services to Indonesian workers as they sent $2.34bln to native country in 2009.
Bank Mandiri targets being in ASEAN big three
Lender launched plan of being in region's top 5 by 2014 and top 3 by 2020.
Bank Mega picks J.P. Morgan for clearing services
Lender will use J.P. Morgan's U.S. Dollar Clearing – Asia Direct and Payment-Versus-Payment Settlement solutions.
Indonesia reports bank loans surge
Bankers attribute increase to country's increasing business investment and infrastructure development.
Bank Mandiri Q1 2010 profit up 43%
Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.
Danamon 1Q 2010 profit up 78% at $78mln
Net profit growth attributed to surge in loans and cost of credit improvement.
Bank Mandiri plans three-fold rise in rights offering
Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.
Bank Mandiri eyes $221mln rights issue
Move targeted to strengthen capital adequacy ratio and boost lending.
Bank Central Asia launches Islamic lending division
BCA Syariah is lender's answer to growing demand for Islamic banking of 85% of Indonesia's population.
Bank Rakyat Indonesia 2009 net up 23%
27% loan growth and 17% net interest income surge boosted lender’s net profit that beat expectations.
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