Indonesia

Mandiri investment banking unit expands in Australia

Mandiri Manajemen Investasi will continue to expand the amount of overseas funds in the $2.2 billion that it manages.

Mandiri investment banking unit expands in Australia

Mandiri Manajemen Investasi will continue to expand the amount of overseas funds in the $2.2 billion that it manages.

Bank Rakyat favored by 3 brokerages

Three brokerages nominated Bank Rakyat Indonesia as their top pick for banking stocks due to strong profitability from its key businesses.

Indonesia to impose tighter rules for credit cards

Bank Indonesia will revise credit card rules to require a minimum age and salary, capping the number of cards owned, limiting maximum interest rates and regulating the debt collection process.

Bank Rakyat Indonesia to divest stake in Bank Agroniaga

The move will enable public shareholders to control 20 percent of Agroniaga.

Bank Central Asia and Pos join forces

The MOU paves way to provide banking services particularly to people living in remote areas not yet covered by BCA.

AXA and Bank Mandiri acquires general insurance business

AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.

Bank Central Asia third quarter profit up 42% to $323.35 mn

Bank Central Asia (BCA), Indonesia's No. 3 lender, on Monday said its third quarter 2011 net profit rose 42 percent from a year ago, driven by strong loan growth.

Indonesia's ATM networks to be integrated by 2012

The integration of three ATM providers into a combined system should be completed by the end of 2012, a central bank official has said.

CIMB Niaga, BCA earnings boosted by surge in loans, fee revenue

Bank Central Asia and Bank CIMB Niaga, posted strong earnings in the first nine months of the year due to strong loan growth, according to a Jakarta Globe report.

Bank Mandiri sees 21% surge in lending in 2012

The bank believes it would be able to reach its target if Indonesia’s economic growth expands more than 6% next year.

Bank Rakyat Indonesia 2012 loans to grow 20%

The lender’s profit soared 58% to $771.2mn) in the first half.

Bank Indonesia requires banks to issue more advanced cards

The regulation aims to protect customers from a repeat of a massive fraud in 2010.

Bank Danamon and Manulife unite for bancassurance

The tie-up to targets Indonesia’s growing middle class.

Bank Mandiri and Rintis Sejahtera join ATM PRIMA Network

The agreement to increase transactions through Bank Mandiri’s electronic network while improving transaction efficiency.

Bank Mandiri sees 27% loan growth by yearend

The lender sees growth to beat the initial 22% estimate.

Bank Central Asia starts offering BlackBerry banking service

The lender taps Indonesia’s 3mn BlackBerry users and 4.7mn of its mobile banking customers.

Bank Mandiri strikes deal to join BCA ATM network

The MOU seen as a positive development toward broader and more efficient banking services in Indonesia.