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state-owned-banks

Indonesian banks' results reflect deteriorating assets, but hopes remain: Experts
Business 5 years ago

PREMIUM
Indonesian banks' results reflect deteriorating assets, but hopes remain: Experts

Despite the asset quality concerns, experts are of the view that Indonesia’s banks are still in a good condition.
Govt mulling merger of state-owned Islamic banks to unify power, VP says
Business 5 years ago

Govt mulling merger of state-owned Islamic banks to unify power, VP says

Vice President Ma'ruf Amin has said the government is mulling merging several state-owned Islamic banks – banks that offer services that are sharia-compliant – to unify their power and boost their global rating.
Government places $2.12b in state-owned banks to accelerate economic recovery
Business 5 years ago

Government places $2.12b in state-owned banks to accelerate economic recovery

The funds will be kept in deposit accounts with interest rates of 80 percent of the central bank’s benchmark interest rate of 4.25 percent.
State-owned banks restructure loans worth US$8 billion
Business 5 years ago

State-owned banks restructure loans worth US$8 billion

Around 96 percent, 801,000 borrowers, came from the micro, small and medium segments.
OVO to disburse cash benefit for preemployment card recipients
Business 5 years ago

OVO to disburse cash benefit for preemployment card recipients

Under the partnership, OVO will disburse Rp 600,000 (US$38) monthly cash benefit for four months to the e-wallet accounts of program participants after they finish their training courses.
State-owned banks restructure $1.84b in loans to soften COVID-19 impacts
Business 5 years ago

State-owned banks restructure $1.84b in loans to soften COVID-19 impacts

The COVID-19 pandemic is hampering economic activity and weakening debtors’ ability to pay back loans.
Most banks have offered relief to clients affected by COVID-19: OJK
Business 5 years ago

Most banks have offered relief to clients affected by COVID-19: OJK

State-owned banks alone have offered their customers relief by restructuring debt totaling Rp 28.7 trillion (US$1.76 billion), the OJK says.
BNI to pay Rp 3.85t in dividends, appoints Agus Martowardojo as top commissioner
Business 6 years ago

BNI to pay Rp 3.85t in dividends, appoints Agus Martowardojo as top commissioner

The state, which holds 60 percent of BNI shares, will receive a dividend of Rp 2.31 trillion.
Plunging credit demand slows state-owned banks' profit growth
Business 6 years ago

PREMIUM
Plunging credit demand slows state-owned banks' profit growth

Bank Indonesia (BI) data showed that loan disbursement expanded just 6.08 percent last year, the slowest pace since 2009, versus 11.7 percent in 2018.
Observers question fate of Merpati as cargo company after Garuda’s rescue
Business 6 years ago

PREMIUM
Observers question fate of Merpati as cargo company after Garuda’s rescue

Observers and industry players have questioned whether Garuda can bring Merpati Nusantara Airlines back to life, yet also highlighted opportunities in the cargo business and aviation services, which will be the line of business focus for the ailing airline.
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