Indonesia

BRI’s UMi has disbursed $40.53b in loans to MSMEs

Three years after launch, UMi now serves 176 million depositors.

BRI’s UMi has disbursed $40.53b in loans to MSMEs

Three years after launch, UMi now serves 176 million depositors.

BRI may miss micro loan growth target amidst asset quality concerns

Micro loans were down 0.9% quarter-on-quarter in Q2.

PT Bank Permata launches travel, dining card for affluent clients

Priority customers can avail 20,000 airline miles, subject to conditions.

BCA walks the talk on sustainable finance

The Indonesian bank considers the environment and governance in its lending decisions.

Payments platform PingPong obtains PJP license in Indonesia

PingPong eyes expanding into the country’s $320b export market.

Higher margins, lower opex buoy Bank Central Asia’s profit growth in Q2

Net profit for the first six months of the year is $1.65b, 11% higher than in H1 2023.

BRI reports $1.83b (IDR29.9t) profit in Q2

President director Sunarso hailed their credit distribution and DPK.

Indonesia’s new loans rise in Q2

New loan disbursements are expected to further grow in Q3.

H2 rate cuts likely to boost Indonesian banks’ earnings

A rate cut cycle often leads to banks’ earnings accelerating.

Bank Negara Indonesia to lodge 7% net profit growth in 2024

UOBKH slashed the bank’s profit and NIM estimates, however.

Credit Agricole names new chief representative officer for Indonesia

Alexis Rafiidson succeeds Xavier Roux, who is retiring.

CIMB Niaga leads the way in captivating Indonesia’s youth

The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.

BCA sets benchmark in Indonesia’s microfinance sector

Innovative approaches reflect the bank’s commitment to pushing financial inclusion and fostering economic growth.