Indonesia
KASIKORNBANK buys controlling stake at Bank Maspion for $186.5m
KASIKORNBANK buys controlling stake at Bank Maspion for $186.5m
It now owns 67.5% of the Indonesian bank.
Bank Mandiri reveals its top strategy
Thanks to this strategy, Bank Mandiri’s net profit grew 61.7% YoY in the first semester of 2022, SVP Thomas Wahyudi says.
Malaysia, Indonesia sukuk markets to slow in near-term: Fitch
Issuance in core markets, which include the two countries, fell 14.4% in Q3.
CIMB Niaga steps up its game amidst the digital banking boom trend through its super app OCTO Mobile
Now, OCTO Mobile by CIMB Niaga serves 2.7 million users and sees a 130.5% increase in financial transactions on an annual basis.
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
Indonesia’s fintech investments bucks global trend, hits record high in H1
Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Home Credit Indonesia closes $10m ESG-linked loan with Deutsche Bank
The loan will be used to increase financial inclusion and literacy.
Indonesia’s LINE Bank launch two new digital loans
The loans feature flexible repayment options.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
CIMB Niaga, JCB Indonesia launch digital credit card
The card offers 10% cash back for online transactions through OCTO Mobile.
Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Indonesia's PermataBank names new president director
Rusli has worked for international institutions, including Goldman Sachs and Accenture.
Deutsche Bank installs deposit machines at Toyota financing branches in Indonesia
The machines will transmit real-time data to the company.
Bank Raya offers instant bailout funds for faster small loan disbursements
Borrowers can access up to US$1,700 in loans.
OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Indonesia secures US$150m sustainability-linked loan from ADB
Indonesia has an annual infrastructure financing gap of around US$51b.
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