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View all search resultsBTN
Companies 8 months ago
PREMIUM
Moody’s downgrades BTN’s baseline credit assessment over solvency risks
The global rating agency downgraded the state-owned lender’s inherent creditworthiness to Ba2 citing real risks in its outstanding loans and accrued interest receivables, though it maintained BTN’s overall credit rating at Baa2 with a stable outlook.
Companies 1 year ago
PREMIUM
BTN to acquire Bank Victoria Syariah to spin off its sharia unit
According to Financial Services Authority (OJK) regulation, sharia banking units with assets exceeding Rp 50 trillion (US$3.04 billion) must either spin off into separate entities or merge their assets with other sharia banks within two years of crossing the threshold.
Companies 2 years ago
PREMIUM
BTN sends letter of intent to acquire Bank Muamalat stake
BTN has kick-started its move to acquire a stake in the country's oldest sharia bank, in line with a December announcement by the SOEs Minister on a plan to merge BTN Syariah and Bank Muamalat for finalizing by March.
Regulations 2 years ago
PREMIUM
Sharia banking will need ‘a long time’ to take off in Indonesia
The Islamic finance industry is smaller than one may expect in the country with the largest Muslim population, but a sharia banking road map released by the Financial Services Authority on Monday has received praise from analysts.
