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Indonesia Deposit Insurance Cuts Guarantee Rate by 25Bps

JAKARTA (TheInsiderStories) - For the third consecutive months, Indonesia Deposits Insurance Corporation (IDIC) cut the guarantee interest rate, the official told media on Tuesday...

Sinar Mas Become the Shareholders of Bank CCB Indonesia

JAKARTA (TheInsiderStories) - Financial company, PT Sinar Mas Multiartha Tbk (IDX: SMMA) will become the shareholders of PT Bank of CCB Indonesia Tbk (IDX: MCOR), said...

Indonesia’s Mayapada Seeks US$70M from Rights Issue

JAKARTA (TheInsiderStories) - Publicly listed lender, PT Bank Mayapada Internasional Tbk (IDX: MAYA) seeks fund Rp1 trillion (US$70.42 million) from the rights issue plan in...

Bank Rakyat Indonesia Teams Up with Satkomindo to Launch BRIsat

Jakarta (TheInsiderStories) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI) teams up with PT Satkomindo Mediyasa, a subsidiary of Pension fund of the lender to...

Rabobank Terminates Operation in Indonesia

JAKARTA (TheInsiderStories) - PT Rabobank International Indonesia has terminated its operational in Indonesia starting April 2019, as written in the notification letter on Tuesday...

Indonesia’s Loan Growth Slowing Down in 1Q

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) survey showed the national bank' loan growth slower in the first quarter (1Q) of 2019. The weighted net...

Indonesia’s Loan Growth Is Estimated to Slow in First Quarter

JAKARTA (TheInsiderStories) - Indonesian Banking Survey estimates that loan growth could slow down in the first quarter (1Q) of 2019, said the central bank...

SKorean Apro Financial Takes 77.38% Bank Dinar Shares for US$46M

JAKARTA (TheInsiderStories) - A South Korean company, Apro Financial Co. Ltd., settled 77.38 percent shares of PT Bank Dinar Indonesia Tbk (IDX: DNAR). The acquisition valued...

Deposit Insurance Sees Indonesian Banking Loans Grow 13% This Year

JAKARTA (TheInsiderStories) - Indonesian Deposit Insurance Corporation (DIS) estimates that credit growth until the end of 2018 is grow around 13 percent with a loan-to-deposit ratio...