News

Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said it supported the government’s decision to put the Bank Negara Indonesia (BNI) rights issue ahead of its own, Mandiri’s chief financial officer Pahala N. Mansury said Sunday.

Lender aims to beef up workforce by adding 1,200 as it plans to double SME clients.

Prefers financial services provider as major shareholder if firm can keep KEB’s identity and job security.

The PB-Esso Mobil Visa Gold Credit and Debit Cards, launched at the Esso service station in Jalan Ampang, Kuala Lumpur, focus on the needs of drivers and support their affiliation to the Esso and Mobil brands.

Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.

Government enforces measures on improving nation’s infrastructure after ranking 89th in Global Competitiveness Index.

Nomura “would be surprised” if ANZ is not considering making takeover bid after lender raises $1.6mln.

Lender's chief said it must prepare to form strategic alliances with global companies.

Private equity funds' search for SMEs and latter's financing needs prompts SCB to act as middleman.

$1.41mln average business brought by each employee below industry average despite above average salary expenses.

Banks' income fall hit by massive reserves related to corporate overhauls and distressed property loans.

ICICI susidiary targets growth capital investments in the sub-Rs 1 crore category in mid-market companies, it added.

Move follows lender's appointment of 670 managers in an effort to increase division's competitiveness.

Move underscores T&M’s ambition to be leading Asian currency and fixed income house following exponential growth.

Lender’s independent directors on a search for its chairman’s replacement as Green will join British government.

Bank targets additional 4,000 elite customers by year-end and total of 50,000 by end of 2015.