Indonesia

11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.

Lender will use the 7-year, AA- rated subordinated bonds to fund car and micro loans.

Bank Ekonomi reported profit before tax of US$17 million for the three months to 31 March 2010. It is  an increase of 50 percent on the same period in 2009.

Offers remittance, credit services to Indonesian workers as they sent $2.34bln to native country in 2009.

Lender launched plan of being in region's top 5 by 2014 and top 3 by 2020.

Lender will use J.P. Morgan's U.S. Dollar Clearing – Asia Direct and Payment-Versus-Payment Settlement solutions.

Bankers attribute increase to country's increasing business investment and infrastructure development.

Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.

Net profit growth attributed to surge in loans and cost of credit improvement.

Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.

Move targeted to strengthen capital adequacy ratio and boost lending.

BCA Syariah is lender's answer to growing demand for Islamic banking of  85% of Indonesia's population.

27% loan growth and 17% net interest income surge boosted lender’s net profit that beat expectations.

Deal can boost BRI’s micro-credit business to 33% or more as it absorbs Bank Agro’s customers.

Takeover crucial to BRI as it beefs up its assets to become competitive in international market.

Improving net interest revenues and fee based income were drivers for lender's growth.