Indonesia
Danamon 1Q 2010 profit up 78% at $78mln
Danamon 1Q 2010 profit up 78% at $78mln
Net profit growth attributed to surge in loans and cost of credit improvement.
Bank Mandiri plans three-fold rise in rights offering
Decided to raise figure to about $776mln from $221mln due to improving economic and political conditions.
Bank Mandiri eyes $221mln rights issue
Move targeted to strengthen capital adequacy ratio and boost lending.
Bank Central Asia launches Islamic lending division
BCA Syariah is lender's answer to growing demand for Islamic banking of 85% of Indonesia's population.
Bank Rakyat Indonesia 2009 net up 23%
27% loan growth and 17% net interest income surge boosted lender’s net profit that beat expectations.
Indonesia seeks Bank Rakyat - Bank Agro deal
Deal can boost BRI’s micro-credit business to 33% or more as it absorbs Bank Agro’s customers.
Bank Rakyat Indonesia to acquire Bank Agro
Takeover crucial to BRI as it beefs up its assets to become competitive in international market.
Bank Central Asia profit up 17% to $745mln
Improving net interest revenues and fee based income were drivers for lender's growth.
Bank Indonesia to defer single presence rule implementation
BI governor agreed to 2 years postponement as state-owned lenders proposed for total exemption.
2 Indonesian banks' rights issues deadline extension possible
BNI and Mandiri can have more time to submit plans within the context of the process.
Bank Danamon 2009 net unchanged at $165.24mln
Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Sharia banks in Indonesia may offer bigger returns
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
Profits of Indonesian banks up 47.7% on lending margins
Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.
Mandiri partners with Indian bank for remittance operations
Tie-up between Mandiri and SBI Indonesian unit aimed to capitalise on numerous Indians working overseas.
Bank Indonesia to regulate lending among banks
The country's central bank wants to discourage stockpiling of high-interest notes by enforcing standard repurchasing agreement.
More growth in Indonesian Islamic banks seen
More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.
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