Indonesia

Indonesia seeks Bank Rakyat - Bank Agro deal

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.

Bank Negara Indonesia's net soars by 123%

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

Bank Ekonomi increases profits by 55%

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 is optimistic despite incurring huge bad loans

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

Major Australian banks to reposition brands

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

DBS to open 100 branches in Indonesia by 2012

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.