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Banking cautious on NPL high-risk Industries

JAKARTA: Several sectors have a considerable risk of non-performing loan this year, including in commodity sector, heavy equipment, and labor-intensive industries, according to the banking...

LDR In West Sumatra Achieves 134.2%

PADANG: Bank Indonesia assessed that public banking in West Sumatra is more dominantly to work on financing sector than funding sector.

The Head of Region Bank Indonesia, Joko Wardoyo said that...

MODERNLAND Targets Net Income rise 130%

JAKARTA: PT Modernland Realty Tbk targets net income amounting of IDR220 billion in the end of 2012 or rise 130% than same period in last year.

Investor Relation Manager Cuncun Wijaya said real...

Bank Aceh to Repay IDR500 Billion Debt

JAKARTA: PT Bank Aceh to repay medium term notes worth IDR500 billion which will mature on 1 January 2013.

Based on Kustodian Sentral Efek Indonesia (KSEI) information, the debt principal...

BANK MEGA SYARIAH books IDR1.8 trillion in vehicle financing

JAKARTA: PT Bank Mega Syariah’s vehicle financing reached IDR1.8 trillion until September 2012.

Bank Mega Syariah President Director Beny Witjaksono said the vehicle financing distribution...

The Policy Flexibility of the Central Bank

In the bankers’ dinner remarks last Friday evening, the Governor of Central Bank (BI) Darmin Nasution delivered important messages in the central bank's annual tradition, associated with...

BANK SYARIAH MANDIRI to Push Remittances

JAKARTA: PT Bank Syariah Mandiri is eyeing fee based income increase up to 30% from remittances business lines which is accessed by Indonesia migrant worker in several countries.

Small and...

Garuda Receives US$120 Million Loan from 7 Banks

JAKARTA: PT Garuda Indonesia Tbk (GIAA) received US$120 million-worth syndicated loan facility from seven banks.

Those seven banks are Citibank Indonesia, PT Bank Panin Tbk, PT Bank ICBC...

Pefindo Assigns “idAAA” Rating to Bank Sumitomo Mitsui Indonesia

JAKARTA: PT Pefindo assigned its “idAAA” to PT Bank Sumitomo Mitsui Indonesia (BSMI), while outlook for corporate credit rating is stable.

Based on Pefindo’s publication released...

Bank Mandiri Books IDR120 Billion of Electronic Money Transaction

JAKARTA: PT Bank Mandiri Tbk booked electronic money transaction as much as IDR120 billion in October.

Bank Mandiri Electronic Banking Senior Vice President Rico Usthavia Frans said the...

Seven banks injects IDR7.4 trillion credit to Pusri

JAKARTA: A consortium of seven banks, led by PT Bank Central Asia Tbk, injected IDR7.4 trillion credit to national fertilizer producer PT Pupuk Sriwidjaja Palemnbang.

The facility will be used to...

BNI’s Surabaya Books IDR21.2 Trillion of Third-Party Funds

SURABAYA: PT Bank Negara Indonesia Tbk in East Java area booked IDR21.2 trillion of third-party funds up to 3-Q, increased 16.36% from earlier year worth IDR18.2 trillion.

East Java’s BNI...

CIMB Niaga Disbursement Growth 27%

JAKARTA: PT Bank CIMB Niaga Tbk disbursed distributor financing worth of IDR842.56 billion per September 2012 or advanced 27% compared by same period last year.

Realization of distributor...

BTN Plans to Conduct Right Issue

JAKARTA: PT Bank Tabungan Negara Tbk held Extraordinary General Meeting of Shareholders (RUPSLB) to discuss company’s plan to conduct right issue for additional capital.

BTN President...

Pefindo Affirms IdA- Ratings of Bank Sulut

Pefindo Affirms Bank Jabar and Banten IdAA Rating

JAKARTA: PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk attained idAA- rating for period 1 November 2012- 1 November 2013 from credit rating Indonesia.

Credit Rating Indonesia affirmed...

CIMB Niaga pockets IDR1.66 trillion from payment bank transaction

JAKARTA: PT Bank CIMB Niaga Tbk booked IDR1.66 trillion payment bank transaction per QIII/2012.
PT Bank CIMB Niaga Tbk mencatatkan transaksi payment bank senilai Rp1,66 triliun per kuartal...

Bank DBS Comprehensive Profit Increases 32.54%

JAKARTA: PT Bank DBS Indonesia posted comprehensive profit amounting to IDR452.32 billion as of QIII/21012, 32.54 higher than the same period last year.

The profit was driven by operational...

OCBC NISP's net profit rose by 26%

Bank Mandiri Channels IDR365.2 Trillion Credit

JAKARTA: PT Bank Mandiri channeled IDR365.2 trillion credit in third quarter/2012 or increased 22.8% compared to the same period last year worth IDR297.5 trillion.

Bank Mandiri Deputy Director...