Indonesia
QNB's Bank Kesawan acquisition concluded
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.
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.
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