Indonesia
BRI’s UMi has disbursed $40.53b in loans to MSMEs
BRI’s UMi has disbursed $40.53b in loans to MSMEs
Three years after launch, UMi now serves 176 million depositors.
Bank Danamon struggles with credit costs due to subsidiary challenges
Credit costs rose to 2.8% in H1 2024.
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.
UOB Indonesia’s privilege banking clients granted free access to airport lounges
Customers can get up to 10 complimentary passes annually.
H2 rate cuts likely to boost Indonesian banks’ earnings
A rate cut cycle often leads to banks’ earnings accelerating.
PT Indonesia Infrastructure Finance's groundbreaking achievements recognised at ABF Corporate & Investment Banking Awards
This highlights their pioneering efforts in sustainable finance and innovative deal-making.
BRI net interest margin slated for 31bp decline in 2024
NIM is expected to rebound 25bp in 2025.
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.
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