Indonesia

A court ruling allows state-owned banks to restructure or sell their non-performing loans.

Bank Permata introduced a co-branded credit card with Hero Supermarket, which provides shopping benefits to holders of the card.

Bank Mandiri will sell AirAsia airline tickets through its credit cards.

Bank Mandiri can now restructure unncollected loans of Rp 32 trillion or $3.3 billion following a court ruling that changes the status of the debts.

Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the coming quarter.

The New York branch of state-owned Bank Negara Indonesia booked net profits of US$1.37 million from credit issued in the first eight months of this year.

Indonesia’s financial sector will get a $300 million loan from the Asian Development Bank to improve the operations of the local regulator, deepen capital markets and expand non-bank financing.

Bank International Indonesia Finance Center expressed confidence that it will meet its target to boost outstanding loans to Rp 9 trillion ($943 million) next year.

Bank Negara Indonesia's Islamic bank says it is confident of meeting its target of issuing $830 million or Rp 8 trillion in loans this year.

Bank Indonesia suggested that Bank Syariah Mandiri and Bank Muamalat bide time before floating their shares on the bourse.

Mandiri credit card holders will be able to buy three Merpati tickets for the price of two at the airline’s sales office in a promotion that will run from Sept. 19, 2012 until Sept. 18, 2013.

Bank Mandiri is planning an initial public offering next year for its Islamic unit, Bank Syariah Mandiri, according to its commercial director, Sunarso.

A number of countries in Africa, Asia, the Middle East and Latin America have ‘come in from the cold’ in recent years as a result of a pent-up desire for political and societal renewal. A major issue for the new rulers running countries that are now much more open to the outside world is to consider how best to adapt banks and financial firms to systemic political change.

PT Bank Tabungan Negara inked a deal to improve Telkom’s Delima remittance business.

Bank BJB has signed an agreement with PT iAsia Sakatama, a Malaysian remittance company, to cooperate in remittance business.

Bank Indonesia warned commercial banks not to use non-collateral loans to finance customers who were unable to pay the required downpayment.