Indonesia

Bank Mandiri launches mobile payment service

Good news for Indonesian merchants and consumers.

Deutsche Bank appoints Kunardy D. Lie as chief country officer, Indonesia

Deutsche Bank announced the appointment of Kunardy Lie as Chief Country Officer, Deutsche Bank, Indonesia effective immediately. He takes over from Suresh Narang as Chief Country Officer for Indonesia, who retired from the Bank at the end of March 2014. Mr Lie will report to Gunit Chadha and Alan Cloete, Co-Chief Executive Officers, Asia Pacific and members of the Group Executive Committee, Deutsche Bank AG.  

Retail Banking Forum 2014 kicks off in Jakarta, Indonesia

Find out what's the hottest topic in retail banking.

Indonesia’s banking credit to slow down in 2014

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.

Here's why some Asian Central Banks are raising rates

An easy exit from their current account deficits?