Archive for the ‘Banking News’ Category
Thursday, December 3rd, 2009
Acting governor of Bank Indonesia Darmin Nasution said he believed the country`s foreign exchange reserves could reach US$66 billion by the end of this year.
"We believe they could reach US$66 billion and so we would be able to finance 6.5 months of imports as well as repay debt installments and ...
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Thursday, December 3rd, 2009
Bank Indonesia is working to improve its standard operation procedures for bank supervision to make it more responsive and quicker, the bank`s acting chief, Darmin Nasution, said here on Wednesday.
"We are still working to improve the SOP for bank supervision to make it more responsive," the central bank`s senior deputy ...
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Monday, November 23rd, 2009
ndonesian Vice President Boediono and his entourage on Thursday visited a small-scale ceramics industry at Dereto, about a one-hour`s drive from Rome.
Boediono, accompanied by his wife, Herawati, was greeted by Dereto Mayor Alfaro Verbena upon arrival.
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Tuesday, November 17th, 2009
The Asian Development Bank (ADB) agrees to provide US$300 million in loan to help Indonesia develop its capital market as part of the financial reforms underway in the country.
"The ADB board of directors agreed today to provide US$300 million worth of a second-tranche loan for the Cluster Capital Market Development ...
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Wednesday, November 11th, 2009
The value of stagnant credit or non-performing loan (NPL) for credit cards is still high. Based on the Indonesian Banking Statistics (SPI), the value of credit card NPL per September 2009 is Rp. 2.95 trillion, or 8.7 percent of the total outstanding credit that reaches Rp 33.63 trillion.
Since July ...
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Thursday, September 10th, 2009
Rabobank Indonesia the subsidiary of the Netherland-based financial services firm announced Rp64.2 billion net profit in the first semester this year, or rising 75 percent from the same period last year.
In a release on Wednesday, President Director Henk Mulder said the profit growth was generated from a combination of revenue, ...
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Thursday, September 10th, 2009
Indonesia is supporting efforts to improve regulations related to financial institutions. This is part of the agreement made by finance ministers and central bank governors of G-20 countries in London, last week.
The meeting requires banks to increase the amount and quality of their capital reserves, including their assets.
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Tuesday, May 5th, 2009
BI Freeze BPR Syariah in Garut
Jakarta - Bank Indonesia Bandung liquidate Perkreditan Bank Rakyat Syariah (BPRS) in Garut Babussalam since 1 May 2009. This had to be freezing BPRS Babussalam because it violates principles of circumspection in the performance.
"Management Babussalam BPRS is not able to manage the bank well. Weakness ...
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Tuesday, May 5th, 2009
Jakarta - After verification by the first phase of savings institutions (LPS), PT Bank customers ifi (ifi Bank) are still difficulties in the melt of the funds. Even depositor or owner of the customer deposits still have to wait about 90 more days for disbursement of the funds.
According to Eko ...
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Tuesday, May 5th, 2009
Although the opportunity to fall in a red zone, the combined stock price index to the first session on Tuesday (5 / 5) afternoon successfully return to green zone.
JCI closed rose 0.39 percent or 7046 points at 1795.193. In fact, in early trading the index had bounced pierce 1800 levels, ...
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