News

Cocktail reception was held last Friday.

President fined but not fired.

Indicates UBS’ resurgence following recent scandals.

Scandal taints group president Yasuhiro Sato.

Has highest NPL ratio among all 17 publicly traded banks.

Seen to rise ahead of US rate hikes.

Will it ever normalise?

Caused by effort to stabilize the economy. Central bank governor Agus Martowardojo expects credit to expand slower from 15.5% to 16.3% next year from this year's credit growth estimate of 20%. Part of the stabilization program is the effort to keep the Indonesia’s current account deficit at a favorable level, he said. High interest rates in the banking sector are also causing banking credit to falter. "With the current higher banks' interest rate, it is going to push the growth of the credit to the range (of 15.5% to 16.3%)," said Martowardojo.

Will tap the market for negotiable long-term deposit instruments.

Approval was granted from April to June.

An easy exit from their current account deficits?

Moody's tags outlook as 'stable'.

Infusion to strengthen the bank’s financial position.

Is a faster and more efficient way of processing RMB.

Hyundai Glovis among the first beneficiaries.

Bonanza to be followed by a second tranche in early 2014.