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state-banks

Purbayanomics and the Rp 200 trillion question
Academia 6 months ago

Purbayanomics and the Rp 200 trillion question

Stimulus drawn from reserves can jolt the economy today, but it also narrows Indonesia’s room for maneuver tomorrow. 
SAL: A double-edged fiscal sword
Academia 6 months ago

PREMIUM
SAL: A double-edged fiscal sword

Fragmenting cash balances across multiple banks increases inefficiency, as funds may exist but remain inaccessible when urgently needed, the IMF has warned. 
US indicts North Koreans, accuses state-owned bank of evading sanctions
World 5 years ago

US indicts North Koreans, accuses state-owned bank of evading sanctions

The US Justice Department accused North Korea's state-owned bank of evading US sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
Value of restructured loans in state banks reaches $15 billion
Business 5 years ago

Value of restructured loans in state banks reaches $15 billion

According to the State-Owned Lenders Association (Himbara),  micro, small and medium enterprises (MSMEs) are the biggest beneficiaries of the restructuring program
Bank Mandiri to pay $1.2b dividends, appoints Chatib Basri as top commissioner
Business 6 years ago

Bank Mandiri to pay $1.2b dividends, appoints Chatib Basri as top commissioner

The dividends are equal to 60 percent of the company's total profit in 2019 of Rp 27.5 trillion, according to the bank's announcement. They are also significantly higher than last year's figure of Rp 11.2 trillion or equal to 45 percent of the bank's profit in 2018.
BRI to pay Rp 20.6 trillion in dividends
Business 6 years ago

BRI to pay Rp 20.6 trillion in dividends

The dividends are equal to 60 percent of the bank’s profits of Rp 34.4 trillion, higher than last year’s dividend payout ratio of 50 percent.
Erick Thohir to shake up executives at state lenders
Business 6 years ago

Erick Thohir to shake up executives at state lenders

The three state lenders that are likely to see new faces in their boards of directors are Bank Mandiri, Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI). 
BRI appoints new president director in another SOE management shakeup
Business 6 years ago

BRI appoints new president director in another SOE management shakeup

State lender PT Bank Rakyat Indonesia (BRI) shareholders have officially appointed Sunarso to lead the country’s most profitable bank as its new president director.
CEO of Indonesia’s most profitable state bank rejects new post
Business 6 years ago

CEO of Indonesia’s most profitable state bank rejects new post

The move by the SOE Ministry runs contrary to the President's instruction for ministers not to make any strategic policy changes, including management shakeups at state firms.
BNI’s net profits grow 2.7 percent in first semester
Business 6 years ago

BNI’s net profits grow 2.7 percent in first semester

Total lending rose 20 percent to Rp 549 trillion year-on-year in the first half of this year.
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