Indonesia

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.

 

 

Maybank Syariah Indonesia part of Group’s aspiration to extend its Islamic banking operations regionally.

Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.

Aims to buy majority stake of a smaller bank with identical vision with its micro-loan expansion.