Indonesia

Standard Chartered Bank opened three new branches in Jakarta on Friday as part of its expansion plans.

A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.

Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.

BII reported a net profit of US$51.7 million for the full year of 2010.

The lender aims to pass Bank Indonesia’s standard for making Indonesian lender global via right issue.

BNI will receive a US$150 million loan from US Exim Bank to improve its liquidity, and to finance Indonesian importers.

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 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.  

Yet BRI’s $922mn estimated profit might fall second to Bank Mandiri’s $942.35mn.

 

 

Moody's raised the foreign currency long-term deposit ratings of 10 Indonesian banks to Ba2 from Ba3. The revised ratings carry stable outlooks.

The lender had already released US$222,000 to migrant workers from the East Java town of Kediri.

Bank Jabar Banten is relying on a major bond sale in January to help it expand its lending business.

DBS Group of Singapore will cater to to small- and medium-sized enterprises in its plan of expanding in Indonesia.

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