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Bank Rakyat Indonesia Distributes Dividend US$833M

JAKARTA (TheInsiderStories) - The small and medium enterprises lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) will distribute total dividends of Rp12 trillion (US$833.33 million) or 65...

Bank Negara Indonesia to Releases Global Bond US$500M

JAKARTA (TheInsiderStories) - State lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) plans to releases subordinated bond in US Dollar-denominated up to US$500 million. The...

Revision: Indonesia’s Bank Mandiri Share Dividends US$713M

JAKARTA (TheInsiderStories) - The shareholders of state lender, PT Bank Mandiri Tbk (IDX: BMRI), approved the dividend pay out ratio 60 percent of 2020' net profit or...

Investors Eyes Bank Sampoerna Shares, Banking Consolidation is Underway

JAKARTA (TheInsiderStories) - Foreign and local investors eyes PT Bank Sahabat Sampoerna shares, said the director on Thursday (03/04). Beside capital injection scheme, the company also...

Moody’s Affirms CIMB Niaga Baa2 Ratings with Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service affirmed PT Bank CIMB Niaga Tbk (IDX: BNGA) Baa2 long-term local and foreign currency deposit ratings with outlook remains stable. The affirmation of...

Indonesia’s Bank Mantap Seeks US$140M from Bond Market

JAKARTA (TheInsiderStories) - PT Bank Mandiri Taspen (Bank Mantap), the unit of state-owned lender, PT Bank Mandiri Tbk (IDX: BMRI), seeks fresh funding of Rp2 trillion...

Japan’s LINE and Mizuho Bank Prepares Digital Bank

JAKARTA (TheInsiderStories) - Japanese firms, LINE Financial Corporation and Mizuho Bank Ltd., a unit of Mizuho Financial Group, Inc., make an additional investment at LINE Bank Preparatory...

Bank Rakyat Indonesia Merges with Pegadaian and PNM

JAKARTA (TheInsiderStories) - Indonesia plans to set up ultra micro holding company  (Holding UMi) lead by state lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI),...

Indonesia’s Bank Mandiri to Releases Global Bond US$750M

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Mandiri Tbk (IDX: BMRI) plans to releases global bonds around US$750 million in this year, said the CEO on...

Bank Syariah Indonesia Eyes Loan Financing of US$4B in 2021

JAKARTA (TheInsiderStories) - The new holding of state Islamic banks, PT Bank Syariah Indonesia Tbk (IDX: BRIS) targeting to distributes loan financing for micro, small,...

Kredivo Closes US$100M Warehouse Financing Facility with US’s Victory Park Capital

JAKARTA (TheInsiderStories) - Kredivo, a digital credit platform for retail borrowers across Indonesia and Victory Park Capital Advisors, LLC, a private credit specialist from United States,...

Taiwanese Cathay Financial Will Control 40% Bank Mayapada’s Shares

JAKARTA (TheInsiderStories) - Management of local lender, PT Bank Mayapada Internasional Tbk (IDX: MAYA) said Cathay Financial Holding will enlarge its portion of ownership...

Indonesia’s Danain Get Fresh Funding from Sampoerna Group

JAKARTA (TheInsiderStories) - Financial technology (FinTech) P2P lending, Danain get fresh funding from PT Bank Sahabat Sampoerna, said the company early this week. But the...

Indonesia’s Akseleran Receives Funding US$8.55M

JAKARTA (TheInsiderStories) - Akseleran, a P2P Lending platform based in Indonesia, announced has received a Series A funding worth of US$8.55 million, led by Beenext at...

Indonesia’s Komunal Raises Seed Funding Led by East Ventures

JAKARTA (TheInsiderStories) — Komunal, an online peer-to-peer (P2P) lending company based in Surabaya, has secured an undisclosed amount of seed funding led by East Ventures,...

Indonesia’s Sarana Multigriya, Bank Tabungan Negara Releases ABS US$122M

Jakarta (TheInsiderStories) - Mortgage company, PT Sarana Multigriya Finansial (SMF) cooperating with state-owned lender, PT Bank Tabungan Negara Tbk (IDX: BBTN), released asset backed...

Indonesia’s KoinWorks Obtains Funding From Japan’s Saison Capital

JAKARTA (TheInsiderStories) - Indonesian FinTech company, KoinWorks obtained Series B and Series B2 funding worth of S$18.5 million (US$13.61 million from Japan venture capital,...

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...

Maybank Indonesia Raises Bond Issuance to US$25M

JAKARTA (TheInsiderStories) - Publicly listed lender, PT Bank Maybank Indonesia Tbk (IDX: BNII) raised its bond issuance value from Rp359 billion to Rp379 billion (US$25.27...

Indonesia’s Moladin Raises Fund US$1.2M from East Ventures, Berjaya Group, Ethos...

JAKARTA (TheInsiderStories) - Moladin, the first online platform to buy motorcycle in Indonesia, has raised a US$1,2 million funding from East Ventures, Berjaya Group and...
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