3:20 pm October 24, 2014 | No Comment
Automotive distributor Tunas Ridean has agreed to establish a joint venture in financing with Bank Mandiri and Asco Investindo, a privately held company, so that it can provide loans to consumers who want to buy vehicles.
10:04 am October 24, 2014 | No Comment
Bank Tabungan Pensiunan Nasional, a medium-sized lender, booked a 15 percent increase in net income in the January-September period to Rp 1.4 trillion ($116 million) from the same period last year, as lending rose.
10:54 pm October 23, 2014 | No Comment
Indonesia’s smaller lenders felt a profit pinch during the first nine months of the year, while the nation’s bigger lenders not as affected by growing margin pressures.
5:49 pm October 23, 2014 | No Comment
New York/Washington. The Federal Reserve’s New York branch knew about risks JPMorgan Chase & Co was taking with its massive “London Whale” derivatives bets four years before they imploded, but it failed to act properly to head them off, the US central bank’s inspector general said. The Fed’s Office of Inspector General said on Tuesday […]
10:40 am October 23, 2014 | No Comment
Profit at Bank Internasional Indonesia, a subsidiary of Malaysia’s Malayan Banking, dropped by more than a half in the January-September period from a year earlier, as the lender coped with funding and set aside more money to cover unpaid loans.
8:54 pm October 22, 2014 | No Comment
Jakarta. State-controlled Bank Rakyat Indonesia, the country’s second-largest lender by assets, saw an 18 percent growth in net income in the January-to-September period from the same period last year on the back of steady micro-credit demand. Profit at BRI rose to Rp 18.1 trillion ($1.51 billion) in the first nine months of this year from […]
7:13 pm October 22, 2014 | No Comment
Alarmed at the currency risks that Indian companies are running on their books, the central bank may consider making hedging mandatory if banks cannot persuade their corporate customers to seek protection, several market sources told Reuters.
5:54 pm October 22, 2014 | No Comment
Hong Kong. Some of the world’s biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters. The Hong Kong-Shanghai stock connect […]
12:56 pm October 22, 2014 | No Comment
A decision by Malaysia’s bourse to bar a key shareholder in CIMB Group Holdings and two other lenders from voting on their planned merger has given minority investors more clout and thrown doubt on the deal’s prospects.
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