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Business 5 years ago
BNI sees 41% profit dive in first half over deteriorating asset quality
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.
National 5 years ago
Jakarta 'welcomes home' BNI loan fraud fugitive from Belgrade
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.
Business 5 years ago
Local banks offer relief to help borrowers and themselves in COVID crisis
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.
Business 5 years ago
PREMIUM
Hotels, banks, airlines join forces to attract tourists amid Covid-19 pandemic
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.
Business 6 years ago
Krakatau Steel restructures record $2 billion debt to stave off bankruptcy
State-owned steelmaker Krakatau Steel has received approval from its creditors to restructure its loans totaling US$2.2 billion (about Rp 30 trillion) by, among other changes, rescheduling repayment to 2027 in order to be able to revive its business.
