Indonesia

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.

UOBI aims to achieve a pre-tax profit of 30% by 2015.

Mega has weak internal control, and Bank Indonesia isn’t happy about it.

Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.

Availability of funds the allows the lender to expand network by buying medium sized banks.

A Standard Chartered plc affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp are among bidders for a controlling stake in PT Bank Muamalat Indonesia.

Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.

Bank Indonesia will need one more week to complete its investigation into the alleged cases of fraud at Bank Mega.

Analysts estimate the bank’s 2011 profit to rise 28% to $1.38bn following gain from the stake sale in Garuda Indonesia's IPO.

Corporate loans posted the highest growth of 48% while consumer and SME and commercial lending soared by 39% and 38%.

Strong growth loan has prompted analysts to estimate the bank’s 2011 profit to surge 13% to $1.51bn.

State-owned Bank Mandiri will finance the construction of two 40-meter missile boats for the Indonesian Navy. The deal is worth Rp 65.97 billion or about US$7.65 million.

PT Bank Syariah Mandiri booked Rp 418.5 billion in net profits last year, a 43.8 per cent increase from the Rp 290.9 billion it earned in 2009.

Bank BNI disbursed US$1.16 billion or Rp 10 trillion in infrastructure loans as of March. This is an increase of 122 per cent from Rp 4.5 trillion at the end of 2010.

Indonesia's House of Representatives will inquire further into the death of a Citibank client, Irzen Octa.