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banking-industry

Business 4 years ago

PREMIUM
Bank Mandiri books 25% profit contraction, 20% asset expansion in Q1

The country's second largest lender by assets saw its profit dip due to higher loan loss provisioning and operational costs, the latter attributed to the recent three-way merger to form Bank Syariah Indonesia that also led to a 20 percent boost in Q1 assets.

Business 4 years ago

Citigroup trims global consumer banking profile, RI, Malaysia affected

As with other large banks, Citigroup's profits were bolstered by a good performance in its investment banking and trading businesses, as well as the release of $3.9 billion in reserves set aside for bad loans.

Business 4 years ago

PREMIUM
‘Bank Jago effect’: Small banks’ shares surge on consolidation, digital bank boost

Small banks have made it to the top gainers list on local bourse amid mergers and acquisitions by big banks and start-ups in their pursuit to establish digital banks.

Opinion 5 years ago

Sustainable finance and banks: Building momentum for change

This year may prove providential for banks to capitalize on expanding their new role in contributing to sustainability, by incorporating environmental requirements in credit agreements.

Business 5 years ago

BI calls for greater rate cuts for bank credit, more lending to support economic recovery

The central bank says that commercial banks need to make bigger interest rates cuts and expand lending for the government stimuls to work.

Business 5 years ago

Bukopin eyes South Korean customers after KB Kookmin Bank’s takeover

KB Kookmin Bank is officially named Bank Bukopin’s controlling shareholder after it injected US$780 million through two corporate actions.

Business 5 years ago

Australia's Westpac sells general insurance unit to Allianz for $535 million

The transaction is the latest in a series of sales of underperforming insurance assets by the Australia’s Big Four banks.

Business 5 years ago

OJK slashes 2020 equity fundraising target by 47%, still optimistic for 2021

Despite revising down its estimate, the OJK remains optimistic that capital market fundraising will rebound along with the economy next year.

Business 5 years ago

BNI profit down 64% in first nine months as risky loans soar

Bank Negara Indonesia’s (BNI) net profit fell sharply in the first nine months of the year due to higher provisioning following a steep increase in risky loans.

Business 5 years ago

BTPN profits decline 21% in Q3 as bad loans increase

The decline was a result of an 84 percent increase in loan-loss provision to Rp 1.95 trillion, while net interest income dropped by 2 percent to Rp 7.9 trillion.

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banking-industry

PREMIUM Bank Mandiri books 25% profit contraction, 20% asset expansion in Q1

Citigroup trims global consumer banking profile, RI, Malaysia affected

PREMIUM ‘Bank Jago effect’: Small banks’ shares surge on consolidation, digital bank boost

Sustainable finance and banks: Building momentum for change

BI calls for greater rate cuts for bank credit, more lending to support economic recovery

Bukopin eyes South Korean customers after KB Kookmin Bank’s takeover

Australia's Westpac sells general insurance unit to Allianz for $535 million

OJK slashes 2020 equity fundraising target by 47%, still optimistic for 2021

BNI profit down 64% in first nine months as risky loans soar

BTPN profits decline 21% in Q3 as bad loans increase

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PREMIUM
Bank Mandiri books 25% profit contraction, 20% asset expansion in Q1

PREMIUM
‘Bank Jago effect’: Small banks’ shares surge on consolidation, digital bank boost