Indonesia

BNI and Mandiri can have more time to submit plans within the context of the process.

Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.

Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.

Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.

Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.

Tie-up between Mandiri and SBI Indonesian unit aimed to capitalise on numerous Indians working overseas.

The country's central bank wants to discourage stockpiling of high-interest notes by enforcing standard repurchasing agreement.

More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.

Surge in profit was due to 15 percent growth in loans and 24 percent surge in fee-based income.

Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.

Mandiri still managed to enjoy 0.29 percent increase in NPL ratio despite having $313-million non-performing loans.

Skyrocketing lending margins push banks to get closer with their customers through rebranding.

DBS CEO Koh Boon Hwee reveals DBS' latest plans for expansion in Indonesia: to open 100 branches and look for acquisitions in the next three years.

PT Bank Danamon Indonesia’s new Internet banking service enables customers to use mobile phones to receive verification via SMS tokens. Called the Danamon Online Banking, it is aimed at increasing customer convenience and secure banking transaction.

HSBC Limited has completed its acquisition of 88.89 percent of Bank Ekonomi for US$607.5 million. The deal was coursed through its wholly-owned subsidiary of HSBC Asia Pacific Holdings (UK) Limited.

Moody's Investors Service has placed the ratings of ten Indonesian banks on review for possible downgrade.