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View all search resultsAceh's Qanun No. 11/2018 on sharia financial institutions has prompted at least five conventional banks to leave the province. Some are making their operations sharia-compliant, while others are leaving for good.
The publicly listed bank booked Rp 4.46 trillion (US$301.34 million) in net profit in the first half of this year. The figure contracted 41.6 percent compared to the same period of 2019 due to flatlining net interest income, which only grew 1 percent to Rp 17.8 trillion caused by delayed loan repayment.
The Indonesian government can now add a notch to its law enforcement record, after the Serbian government granted its extradition request for the loan fraud suspect, who had evaded authorities since she fled the country 17 years ago.
A number of local banks have announced relief programs to help corporate and individual borrowers cope with uncertainties caused by the coronavirus outbreak, which has severely hit business activities in the country.
Under the theme “My Destination Indonesia” hotel chain Plataran Indonesia, Bank BNI, Bank BCA, airline Garuda Indonesia, the Yayasan Putri Indonesia foundation and beauty brand Mustika Ratu are offering vacation packages that bundle together airplane tickets, accommodation and exotic tours to certain tourist destinations.
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