Indonesia

EY's Evan Wiradharma to grace the ABF Retail Banking Forum

EY's Evan Wiradharma to grace the ABF Retail Banking Forum

He will discuss how the business models of banks and fintechs have evolved through time.

Bank Negara Indonesia loan growth to slow to 13% in 2019

A moderation in private corporate and SOE loans will hit lending.

Indonesian banks launch mobile wallet in last-ditch effort to compete with Go-Jek

LinkAja can be used for mobile prepaid top-ups, POS payments, utility and transport payments.

Indonesian banks' bad loan ratio down to 2.4% in 2018

The decline comes in spite of recent domestic rate hikes.

Bank Rakyat Indonesia profits from double-digit share price gains

Share price has risen 10%YTD which could translate to a 2019 net profit of $2.46b.

Go-Jek doubles down to dent cash reliance in Indonesia

As much as 99% of transactions are still carried out through hard, cold cash.

Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report

It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.

Indonesian banks face liquidity crunch as loans pick up

Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.

Indonesia's 88 fintech lenders see opportunity in US$70b credit gap

With average loan sizes of US$35,000-200,000, farming remains the main opportunity.

E-money transactions in Indonesia hit $3.3b in 2018

Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.

Bank Central Asia's net profit jumped 10.9% to $1.84b in 2018

Loan growth hit 15.1% amidst strong corporate demand.

Indonesia's Bank Mandiri mulls takeover of Standard Chartered-backed rival: report

It could merge it with Mandiri itself or with its unit, Bank Mantap.

Earnings gap between Indonesian banks widen as small players struggle

The 2018 profits of Book II banks dropped to $648.66m from $726.38m in 2017.

Indonesia's Islamic banks narrow earnings gap with conventional lenders

Return on assets rose to 1.5% in 2018 from 0.8% in 2017.