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Companies 2 years ago
PREMIUM
Major local banks maintain loan growth targets despite BI rate hike
Bank Indonesia’s (BI) unexpected decision to raise its benchmark rate has raised concerns that banks will struggle to meet loan growth targets set for this year, but major players and analysts say the industry could still pull through given its ample liquidity to maintain lending expansion.
Tech 3 years ago
Bank BTN collaborates with IBM Consulting to modernize banking system
PT Bank Tabungan Negara (Persero) Tbk (BTN) has collaborated with IBM Consulting to modernize its banking system through the IBM Cloud Governance methodology to ensure security and compliance in the use of cloud computing in the banking industry.
Business 5 years ago
BTN upbeat over prospect of exceeding profit target as funding cost decreases
President director Pahala N. Mansury expressed optimism that BTN could book more profit than its initial projection of Rp 1.1 trillion (US$75.36 million) by the end of this year, supported by easing liquidity competition.
Business 6 years ago
PREMIUM
Banks taking cautious approach amid fears of rising bad debts
Bank Mandiri finance director Silvano Rumantir said on Wednesday that the company would be more careful in disbursing its loans to sectors that would be directly affected by the outbreak of the novel coronavirus that causes Covid-19.
