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.

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.

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.

Proceeds will be used for SME lending as conducive business condition fuelled the lender’s 25% growth in September.

Lenders open savings account program for students to boost Indonesia’s saving ratio, the lowest among ASEAN countries.

The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.

BNI plans a December rights issue after Indonesian government delayed Bank Mandiri's $1.5bln plans until 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.

Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.

Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.

Mulls increasing lending rates to 15 basis points after August inflation figures reached a 16-month high.

Target up from $400mln as market has become more conducive for raising funds.

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