Indonesia

Indonesian banks to educate students to save

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.

Mandiri is now the majority stakeholder of AXA

51% of AXA Mandiri is now lender's subsidiary after buying additional 2 shares from NMI.

Indonesian banks fatten cash supply as festivities near

Branches allot additional cash for ATMs as Idul Fitri celebrations approach.

Mandiri targets raising rights issue to $1.56bln

Lender waits for parliament’s approval in move that would sustain lender’s capital until 2014.

CIMB Group integrates transaction banking across the region

Introduced single internet banking platform across Malaysia, Indonesia, Singapore and Thailand.

Bank Rakyat takeover of Bank Agro nears

$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.

StanChart injects $100mln capital to its Indonesia unit

To maintain CAR at 15%-16% and would ask for additional capital to be within safe level.

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.