Relying on Asset Recovery, Bank Mutiara Stakes Profit IDR 48 Billion

Bank Mutiara is targeting net profit amounting to IDR 48 billion, the figure is around 60% or Rp28,8 billion is contributed by the asset recovery. PT Bank Mutiara Tbk (BCIC) targets a net profit in 2015 amounted to IDR 48 billion. Profit after tax contribution of the asset recovery, which the customer installment whose jammed credit, will be sold.

According to Director of Bank Mutiara, Ahmad Fajar, the majority shareholder of Bank Mutiara namely J trust, wants the former Century Bank to record profit in the financial statements 2015. "They want us immediately posted a profit, but in 2015 we were more moderate and conservative dikisaran Rp48 billion after tax, "he said, in International Financial Centre (IFC), Jakarta, Tuesday, December 30, 2014.

Furthermore, he explained, from the target of IDR 48 billion, approximately 60% or IDR 28,8 billion was contributed by the asset recovery,  which the customer installment whose jammed credit, will be sold.. Apart from the sale of assets, Bank Mutiara will also boost interest income and non-interest income.

"Outside of that target, J Trust (the owner of Bank Mutiara) will also introduce the fee-based income through cross border transactions," said Fajar.

He added, that it continues to focus on improving conditions in line with the bank's capital injections are given by J Trust, especially in the field of technology and human resources. In addition, Fajar is optimistic that the company will continue to grow in lending to the SME sector and maintain the principle of prudence.

End of Year Holidays BNI Prepares Cash IDR 25 Trillion

PT Bank Negara Indonesia (BNI) prepares a cash around IDR 22 trillion to IDR 25 trillion to meet the needs of the community over the long Christmas holiday period in 2014, up to the New Year 2015. The amount of cash has increased 10% over the same period in 2013.

BNI Corporate Secretary, Tribuana Tunggadewi, in a press release in Jakarta, some time ago, said the availability of cash has accounted for the realization of the use of cash over the long holiday of Christmas 2013 and New Year 2014 and the estimated increase in public demand for cash this year and early next year.

"Increasing the amount of cash was due to the increase in the number of customers BNI and the number of ATM machines owned by BNI. The amount of cash it already takes into account the needs of cash ATMs and our outlets, "she said.

Total Accounts in IDR and Foreign Currency Deposits Equally Increased

Deposit Insurance Agency (DPA) noted, the value of total deposits in October 2014 rose Rp20.862 billion, or 0.51% (month to month / MoM). This increase brings the total deposits by the end of October 2014 reached IDR 4.087.348 billion. Based on the types of deposits (demand deposits, savings deposits, deposits on call, time deposits and certificates of deposit), the most substantial growth in the number of accounts is a certificate of deposit. Growth reached 10.84% (MoM), from 166 accounts per September 2014, increased to 184 accounts per October 2014. So even if the terms of the nominal amount, the highest nominal growth certificates of deposits reached 31.28% (MoM). As of September 2014 the nominal amount of IDR 2.328 billion to IDR 3.056 billion (October 2014).

DBS Indonesia Offer Investment Through Renminbi Currency

Renminbi is considered to have a high volatility against the US dollar (USD), so it will benefit customers to do business Currency Linked INVESTMENT. PT Bank DBS Indonesia (DBS Indonesia) released one of the flagship program of the Currency Linked INVESTMENT (CLI) in the Chinese currency, the renminbi.

This is an investment product that promises to customers by providing attractive returns than conventional deposits. Customer will perform selections, so the seller and buyer will exchange foreign currency.

"The number of export and import activities with China and the rise of the discussion about the movement of the renminbi in the market to bring a positive influence on the increase in demand for renminbi CLI of high-net-worth clients," said Head of Treasury Sales & Market DBS Indonesia, Benny Aroeman, the release of the company , in Jakarta, Thursday, December 18, 2014.

Benny said that, since the last two or three years renminbi into the international spotlight. Because, as the country with the second largest in the world prekonomian, offered the prospect of greater renminbi.

Nevertheless, that the requirements imposed by Bank Indonesia (BI) for customers who do business investment this currency must have at least 5 billion or its equivalent in foreign currency, in accordance with Bank Indonesia Regulation 11/26 / PBI / 2009 on the precautionary principle in structured products for commercial banks.

"The renminbi has high volatility against the US dollar (USD), so it will benefit customers in the CLI business," he concluded

Next Year, OCBC NISP will Shutter 15-20% Growth

PT Bank OCBC NISP Tbk (OCBC NISP) is targeting 15-20% growth in 2015, despite the economic conditions are still considered to be affected by the global economic turmoil.

"Credit is growing in line with the Bank or the FSA. Next year 15-20% depending on the segment, "said President and CEO of OCBC NISP, Parwati Surjaudaja, in Jakarta, Wednesday, December 17, 2014.

She added, in terms of funding or third party funds (DPK) is expected to grow at the same level to maintain liquidity at a safe level in spite of the capital adequacy ratio (CAR) is still above provisions.

"CAR is still at the level of 19% per 2 to 14 September," She said.

The Company's own recorded loan growth of 9% to IDR 66,61 trillion as of September 2014. While in deposits grew 26% to IDR 79,46 trillion.

"Consumers, the mortgage is flat. SME (small and medium enterprises) grow quite grow 20% this year. SME it depends on domestic demand, not too affected by global demand. Like in 2008 that first quit was corporation, "said Parwati.

According to her, retail lending still dominates with a share of 60% of the total outstanding loans of OCBC NISP. "Retail Credit next year rose from 60% to 62%," She said.

However, the Finance Director of OCBC NISP, Hartati rates, credit growth is predicted for around 10% by the end of this year, as the company remains cautious in extending credit.

Declining commodity prices affects Banking Credit

Global economic conditions, which until now has not shown any certainty will have an impact on developing countries such as Indonesia. In fact, this condition is expected to be a challenge for banks in 2015.

This statement was published by the Chief Executive Banking Supervisors Financial Services Authority (FSA), Nelson Tampubolon, in Jakarta, Thursday, December 11, 2014. "Next year facing the banking system is not light, Globar economic conditions will continue to color the development of our economy," he said .

According to him, the decline in world commodity prices also have an impact on Indonesia's main commodities. Because, in 2015 this trend is predicted to continue. It is expected to also affect bank lending in the corporate sector, so the bank financing in sectors related to the commodity will decline.

"Segmentation will affect the pattern of economic growth of developing countries. The downward trend in world commodity predicted continued in 2015, and can affect the twists and bank credit, "added Nelson.

J Trust Co. Ltd Become a Public Company

Seeing the development of stock markets in Indonesia where the Composite Index could break the 5,000, J Trust no intention of becoming a private company. Investors from Japan, J Trust Co. Ltd. (A Trust) still plans to become a public company, although currently owns 99% of PT Bank Mutiara Tbk.

BI asked banks to Meet Liquidity of the Money Market

Bank of Indonesia (BI) decides to raise interest rates Lending Facility by 50 basis points (bps). Similarly, banks are expected to meet the shortage of liquidity through the financial markets before knocking on the door of the central bank loans. "Lending Facility interest rates rose by 50 bps to 8%, and interest rates Deposit Facility remains at 5.75%," said the central bank governor Agustin DW Martowardojo, in the Bank Building, Jakarta, Tuesday, November 18, 2014.

Facilitation SOR, BCA Hopes Total Customer Increasing

BCA supports this effort is in line with the desire to multiply the number of investors in the Indonesian capital market. PT Bank Central Asia Tbk (BCA) welcomed the development of e-channels for SOR Facility (Securities Ownership Reference). It is hoped that this cooperation can increase the amount of capital market investors, including the impact to increase the amount of BCA customers.

MNC Bank Targets IDR 40 Billion Profit Next Year

The company is optimistic targets launched next year can be realized as a business supported a very large MNC group, includes three pillars, namely the media business, financial services and property. MNC PT Bank Internasional Tbk (MNC Bank) is currently clean up in order to improve performance in 2015. Bank ICB Bumiputera previously named this set of business growth by 30% in the next year.

BCA and American Express Create New Business Opportunities

The presence of American Express will also complement a variety of other payment products in the EDC BCA like BCA Card, Debit BCA, Flazz, Visa, MasterCard, JCB, UnionPay, and Prima Debit. PT Bank Central Asia Tbk (BCA) has been working with American Express, in order to make the company as the acquirer for American Express card in Indonesia. This partnership will provide business opportunities in Indonesia with global access owned by American Express through more than 100 million users of American Express cards.

Garuda Indonesia Citi Credit Card Relaunched

Garuda Indonesia Citi Credit Card was first introduced in 2006, and is now back with the additional benefits and advantages. Citi Indonesia and PT Garuda Indonesia Tbk launched cooperation with Garuda Indonesia Citi Credit Card with the added benefit of a fairly special. Some of the additional benefits provided there was expected to increase the customer satisfaction.

BCA Life Targeting 12 Million BCA Customers

Potential businesses owned BCA Life is still very wide. For starters, BCA Life is expected to work on the business of the customer that is owned by the BCA. PT Bank Central Asia Tbk (BCA) hopes that its subsidiary, PT Bank Life Insurance (Life BCA), can work on the business of a number of clients who owned BCA reach 12 million customers. To work it, no doubt take time and be done gradually.

About Consolidation, Banks Must See Market Target

Through the consolidation of national banks are expected to have the same market share targets, are no longer competing against each other closely.Referral national banking regulators in order to consolidate assessed Indonesian Bankers Association  that banks should first look at the needs of the targeted market share. "We have to look at the target market needs in common. For example, we see between Bank Mandiri and BRI, their market target at the most logical to consolidate, "said Chairman of Indonesian Bankers Association, Zulkifli Zaini, when met at the SMESCO Building, Jakarta, Tuesday, October 4, 2014.

BCA recorded a net profit in the third quarter of 2014

PT Bank Central Asia Tbk (BCA) recorded a net profit in the third quarter of 2014, an increase of 17.7 trillion IDR12,2% when compared premises net profit in 2013 and in the same period amounted to IDR10,4 trillion. The increase in profits, according to BCA president director Jahja Setiaatmadja, in line with the total of net interest income and other operating income grew 22.9% year-on-year (yoy) to IDR30,1 trillion when compared with last year in the same period by IDR24,5 trillion.

MNC Bank Ready Adds Capital Rp 3 Trillion Until 2018

MNC Group CEO, Hary Tanoesoedibjo revealed, it plans to increase capital MNC PT Bank Internasional Tbk (MNC Bank) of IDR 3 trillion by the end of 2018. These measures were taken to meet the needs of credit and infrastructure development company. "Regarding capital MNC Bank, we will adjust with business growth. In accordance with the business plan that has been approved, the plan will be a capital increase ID R3 trillion until the end of 2018, "said Hary, in MNC Tower, Jakarta, Monday, October 27, 2014.

Insurance Industry Investment Value Achieve IDR 605,05 Trillion

Financial Services Authority (FSA) noted, the value of pension fund investments and insurance per August 2014 showed an increase in line with the trend in the market strengthening. This could be said the industry is still in a normal condition.

Insurance Awareness Still Needs to be Improved

Contribution of the insurance sector to Gross Domestic Product (GDP) in Indonesia continues to increase, from 1.82% in 2008 to 2.16% in 2012 This increase occurred because there was an effort to increase public awareness of the importance of insurance. Chairman of the Indonesian Insurance Council (IIC or DAI), Hendrisman Rahim revealed, although the ratio between the Indonesian GDP increased, but the understanding of and public access to insurance products and services must continue to be encouraged from time to time.

Treasury and Investment Solutions is Worth Held by the Company

One of the keys to success for a financial institution is to have an application solution that can ensure compliance with regulations and minimize the risk of business process execution. This was stated by the Chief Executive Officer of PT Sigma Cipta Caraka (telkomsigma), Judi Achmadi, when the "Business Executive Session," at the Intercontinental Hotel, Jakarta, Thursday, October 9, 2014.

BNI Continue to Reduce Cash Transactions

PT Bank Negara Indonesia (Persero) (BNI) recognizes, services and Virtual Account Autodebit encourage the addition of fee-based income (FBI). In fact, their use also has an impact on the achievement of government objectives related to cashless. As is known, Bank Indonesia (BI) to encourage the use of public cash in on the wane. Communities are expected more frequently transact using plastic money or transact through the payment system services offered by financial institutions.

ASEAN Market is Still Open Wide

Application of the ASEAN Economic Community (MEA) or the ASEAN Economic Community (AEC) is in front of the eyes. Trade flows of goods and services, investment, and labor among ASEAN countries, will be more rapid late ASEAN free market, in 2015 this thing will have an impact on the various sectors of the economy in Indonesia while creating opportunities for many local corporations to increase the share of markets in the ASEAN region.

FSA Policy Prevents Deposit Rate War

FSA policy to limit interest on deposits in banks BUKU 3 groups, and BUKU 4, will put the brakes on inter-bank deposit rate war. In line with the directives of the Financial Services Authority (FSA) restrictions related deposit rates for major banks in Indonesia, is expected to alleviate the deposit rate war going on lately.

According to banking analysts, Paul Sutaryono, with the FSA policy is expected to put the brakes on the interbank deposit rate war. "The FSA policy worthy of appreciation, because slowly but surely, it will put the brakes on war policy interest rates on deposits," he said, in Jakarta, Friday, October 3, 2014.

He considered, by curtailing the deposit rate at the major banks, it will have an impact on interest rates because of the cost involved thinning decreased funding. "But if the liquidity into melt? I think not, because the policy is automatic only for deposits above IDR 2 billion, "he said.

As is known to limit the FSA for the provision of deposit large depositors with funds in over IDR 2 billion, up 200 basis points (bps) above the BI rate for the group BUKU 4 (maximum 9.5%), and a maximum of 225 bps above the BI rate to BUKU group 3 (9.75%).

Credit Card which will Withdrawn from Circulation

Indonesian Credit Card Association (AKKI) establishes several criteria relating to restrictions on credit card ownership by Bank Indonesia (BI) as of 1 January 2015 This will be used as a benchmark AKKI if the cardholder does not shut itself of excess cards. In the BI Building, Jakarta, Wednesday, October 1, 2014, General Manager AKKI, Steve Marta said it was still discussing the criteria that the card will be closed. in spite of this, he added, AKKI still will see the benchmark of BI.

Selective Action Buy Inreasing IHSG

Composite Stock Price Index. (JCI) closed up 27 372 points (0.53%) to a level of 5,201.379 in trading Thursday, September 25, 2014, while LQ45 also closed up 5,696 points (0.65%) to a level of 884 410. This reinforcement triggered selective buying stock investors in various sectors. Buying stocks cheap enough following the post-corrected last three days. These conditions encourage the eight sectoral stocks rose along the trade. While the other two sectors namely industrial base, and various industries exposed to foreign selling.

BCA is optimistic that the Deposit Rate will be Down

President Director of PT Bank Central Asia Tbk, Jahja Setiaatmadja assess the banking industry could lower interest rates on deposits. It is associated with an appeal to the Financial Services Authority (FSA) that the big banks deposit interest rates to stop the war. "It should be (a decrease in deposit interest)," John said when met after the International Seminar: "befriending with The Boom-Bust Cycle" in Jakarta, Tuesday, September 23, 2014.

Big banks offer High Deposit Rate

Offer higher deposit rates by major banks to depositors-funded, will have an impact on small banks in raising third party fundsThe tight liquidity in the banking, making large national banks desperate to give a large deposit, it is intended that depositors (customers) want to put their money in the bank. The existence of this condition, the war was raised deposit rates, resulting in a pretty tight competition in the banking-big banks. Even banks deposit dare give up to 11% per year for giving large depositors.

Mandiri Bank Enlarges the Portion of SME Loans

Business segment of small and medium enterprise (SME) or small and medium enterprises (SMEs) is still promising to work on the banking industry. PT Bank Mandiri (Persero) expressed readiness strengthens businesses in the SME segment by expanding the size of the segment in question.

BNI Launches Exclusive Debit Card

PT Bank Negara Indonesia Tbk (BNI) released the first exclusive debit card in Indonesia with the applicable facilities around the world, the Emerald World BNI Debit MasterCard. The launch of this card is held simultaneously in two places, the Galeries Lafayette Haussman, Paris and Galeries Lafayette, Jakarta as a representation of the world class facilities provided to the BNI Emerald priority customers.

HSBC prepares Receivable Reconciliation Solutions

To improve working capital management company, Global Payments and Cash Management, HSBC Indonesia socializing Receivable Reconciliation Solutions to corporate customers. This service is expected to provide many benefits to the consumer goods industry (FMCG). Head of Global Payments and Cash Management HSBC Indonesia, Herani Hermawan said, this solution will automate the process of reconciliation and payment instructions that go with paid accounts number details in the relevant payment instructions.

Bank Muamalat Looking Costumer Selectively

PT Bank Muamalat Indonesia recorded total funding to semester I-2014 of IDR 44 trillion, or 16.38% growth when compared to the financing of the semester I-2013 of IDR 38 trillion. While growing, but growth is slowing a little experience. Corporate Secretary of Bank Muamalat, Sari N. Meitra state, deceleration occurs because the financing condition of the national economy is facing a slowdown. It does not make significant funding, as was the case in previous years.

Credit Growth Supports Mega Bank

PT Bank Mega Tbk posted a profit after tax earnings or net profit in the semester I-2014 of IDR 502 billion. The growing number of 105% when compared with net income of the previous year period IDR 245 billion.

President of Bank Mega, Kostaman Thayib says, this sustained increase in net profit by credit growth of 28% to IDR 32.6 trillion. "The increase in credit propped up by corporate credit reaching IDR 11.5 trillion, commercial credit reached IDR 4.6 trillion, and retail credit," said Kostaman, in Jakarta, Tuesday, September 9, 2014.

While the sight of Third Party Fund (DPK) quoted reached IDR 47.5 trillion or up 8% from the reach of the first semester last year which reached IDR 43.9 trillion. In addition, the assets in the semester I-2014 also grew reaching IDR 61.3 trillion. Asset is an increase of 13% from the reach of the semester I-2013, reaching IDR 54.1 trillion .

OCBC NISP continues Training Program for Students

PT Bank OCBC NISP Tbk (OCBC NISP) holds a One Day Workshop (ODW) for students, to find out more about the banking business in Indonesia and the provision of working in the banking industry. "We are proud to participate and share their knowledge of banking on the students. Wealth management knowledge such as how to invest properly, financial planning and insurance are expected to provide future students in entering the world of work, as well as prepare them to be competent future leaders, "said Consumer Secured Loan and Distribution Head OCBC NISP, Krishna Widia in broadcast received press in Jakarta, recently.

What is Liquidation?

The term liquidation contains three meanings. First, the realization of cash. Namely the sale of ownership in stocks, bonds, or commodities, either for profit or avoid mupun anticipate losses due to lower prices. He could as forced or voluntary. Usually liquidation pointing to further extend a predetermined period. In such cases, the forms become part of the liquidation of the business cycle, which is particularly marked fall of prices, business failures and no active effort.

BTPN Gets Loan USD200 Million from IFC

PT National Savings Bank Tbk (BTPN) again received a loan from the International Finance Corporation (IFC) amounting to USD200 million. The loan agreement was signed on August 1, 2014. Director of the Corporate Secretary of BTPN, Anika Faisal in the disclosure of information on the Indonesia Stock Exchange (IDX), Jakarta, Tuesday, September 2, 2014, said, according to the Loan Agreement, on October 9, 2012, IFC provides loans to BTPN of USD 100,000,000 (full amount ). BTPN can do a recall on this loan facility (revolving loan) on the amount that has been paid back or paid before or on 9 October 2015 The purpose of this loan is to fund micro-credit financing.

Mandiri Bank Support BI about Banking Law Plan

PT Bank Mandiri Tbk pleaded agree on the proposed Bank Indonesia (BI) associated with the Plan Law (Bill) Banking is expected to be discussed first before being confirmed by the House of Representatives of the Republic of Indonesia (DPR-RI).

BCA Holds Homeownership Interest Rates 9% -11.5% Until End of Year

Although government policies related to the decision to increase fuel oil (BBM) there is no certainty, PT Bank Central Asia Tbk (BCA) claimed, until this year it has not been willing to raise interest rates mortgage. BCA president director Jahja Setiaatmadja say, at least until the end of this year the average mortgage rates BCA is in the range of 9% -11.5%. "We do not raise the first while until November, December, we look at the situation first fore. Mortgage interest average of 9 to 11.5% which is a fixed rate of 9% -9.5% and 11.5% were floating, "he said, in JCC Senayan, Jakarta, Thursday, August 28, 2014

Bank Mandiri, BNI and Muamalat Receive Award from Alpha Southeast Asia

PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk (BNI) and PT Bank Muamalat Tbk scale attained awards from Alpha Southeast Asia Southeast Asia, economics and business magazine based in Hong Kong.

Bank Joint Venture of 3 SOEs, Will Operate Early 2015

Sinar Harapan Bali (Bank Sinar) which will be a joint bank three companies, which is expected to be fully operational in early 2015 As the three companies namely Bank Mandiri, Pos Indonesia and TASPEN.  "Insha Allah (God willing), within 1-2 months or early January can be operated," said Director of PT Pos Indonesia, Budi Setiawan, when met after the signing of the realization of the establishment of the joint venture bank in TASPEN Building, Jakarta, Thursday, August 21, 2014.

Mandiri Bank's Consumer Credit Rely Car Loans and CWC

T Bank Mandiri (Persero) Tbk claim will consumer credit growth was driven auto loans or commonly called car loans, and credit without collateral or CWC. This is in line with the slowdown in the demand for credit (mortgage).

Three State-Owned Banks form EDC Link

To improve the ease and comfort of a merchant in a payment transaction, the three state-owned banks, namely PT Bank Negara Indonesia Tbk (BNI), PT Bank Rakyat Indonesia Tbk (BRI), and PT Bank Mandiri Tbk have agreed to run the EDC initiative links, namely the use of a single EDC acquiring bank for 3 at once.

NPL Banking growth 0.12% in June 2014

Deputy Commissioner IB Strategic Management Financial Services Authority (FSA) Lucky FA Hadibrata admitted, bank liquidity is still sufficient so far to anticipate the potential withdrawal of Third Party Funds (TPF). "The condition of financial institutions in general and liquidity risk show that liquidity is sufficient to anticipate the potential withdrawal of deposits," he said, in Djojohadikusomo Soemitro Building, Jakarta, Friday, August 15, 2014.

BCA Decreases Interest Rate of Deposits Above a Nominal 25 Billion

PT Bank Central Asia (BCA) Tbk claimed, since August 1, 2014, has decreased interest rates for time deposits with deposits above a nominal 25 billion from 9.25% to 9%. This statement was delivered by BCA President, Jahja Setiaatmadja,  after Halal Bihalal between the Indonesian Bankers Association (IBI) and Perbanas, at the Financial Club Graha CIMB Niaga, Jakarta, Wednesday, August 13, 2014.

Pursue Microcredit Rp39 trillion, Mandiri Bank Keeps NPL in 3%

PT Bank Mandiri (Persero) Tbk peg the growth of micro loans outstanding amounted to Rp39 trillion at the end of this year, growth in the range of 28-30% in a year's. In terms of credit quality of non-performing loans (NPL) will be maintained at the level of 3%.

Top Banks in BUKU 4

Infobank Research Bureau notes the four major banks that fall into the category of BUKU 4 They include BCA, BRI, Bank Mandiri and BNI. Following their performance.

Elected as CEO of Wing Hang Bank, Na Wu Beng Resigns from OCBC NISP

After 10 years, serving in PT Bank OCBC NISP Tbk (OCBC NISP), Na Wu Beng, who currently serves as the Vice President will resign from his position due to elected as CEO of Wing Hang Bank.
"All the management and employees of Bank OCBC NISP expressed gratitude and highest appreciation for all the contributions, efforts and hard work of a very consistently and wholeheartedly for duty in Bank OCBC NISP, hopefully new successes can be found at the new place," said President and CEO of Bank OCBC NISP Surjaudaja Parwati, in a farewell speech Na Wu Beng, in Jakarta, Monday, August 4, 2014.

BRI E-Banking Transactions Keep Rising

PT Bank Rakyat Indonesia Tbk (BRI) shows, the performance of e-banking is on the rise. This is supported by an increasing number of users, number of transactions and volume of transaction at an ATM, SMS Banking and BRI Internet Banking. "From the user side, BRI ATM card holders increased by 45.6% year-on-year (yoy) of 18 million in the second quarter of 2013 to 27.3 million in the second quarter of 2014," said Director of Networks and Services BRI Suprajarto, BRI central office, Jakarta, Tuesday, July 22, 2014.

BTPN Bank's Credit Growth Achieving 15% and CAR reaches 23.4%

Indonesian macroeconomic dynamics throughout the first half of 2014 still face many challenges. Slowing economic growth, trade deficit continues, liquidity remains tight, although the inflation rate began to slow. This situation is expected to continue until the end of 2014.

FSA and DIA Improve Coordination to Strengthen Banking System

Financial Services Authority (FSA) conducted Signing Memorandum of Understanding with the Deposit Insurance Agency (DIA) on coordination and cooperation in order to link the implementation of the functions and duties of each of these institutions.

Commonwealth Bank sets Wealth Management Fund is Growing 15% -20%

Commonwealth Bank Indonesia, as mutual fund sales agents targeting funds under management (AUM) for the wealth management services to grow 15% -20% by the end of 2014. Director of Wealth Management and Products, Commonwealth Bank Indonesia, Kaslan Ryan said, until now the total funds under management in the wealth management services has reached Rp 4, 8 trillion. "Funds under management are now about Rp 4, 8 trillion, growing year-end may be between 15% -20%. We are working to increase that number, "he said in Kaffeine The Foundry, on Wednesday evening, July 16, 2014.

Danamon will hold the 8th Social Entrepreneur Award

PT Bank Danamon Indonesia Tbk (Danamon) will hold the 8th Danamon Award this year. This time, the name of the event will turn into the Danamon Social Entrepreneur Award, the registration will begin on Wednesday, July 16, 2014. 

BRI Allocates Cash for Eid

Public need for cash which soared during Eid, will try to be met through the provision of funds by BRI to Rp 30 trillion. JPT Bank Rakyat Indonesia (Persero) Tbk (BRI) allocates cash Rp 25 trillion to Rp 30 trillion to meet the needs of its customers in the Lebaran holidays this year. The amount is up 8.69% when compared to the cash supply company prepared on Eid last year.

Tips How To Buy LIfe Insurance

After finding out how much coverage you need, you can determine the best type of policy to meet your needs. Awarrness of insurance in society, is increasing, as a result of incessant socialization of industry and government. For those of you who do not understand insurance, you should find out first products to be purchased. For life insurance products, for example, questions will arise, such as how much insurance coverage is needed, what is the appropriate product, and where a good insurance company. Here are simple tips for your first time buying a life insurance product.

Citibank Presents Innovations and Solutions

The success of Citibank in the net profit of Rp1, 56 trillion could not be separated from strategies that focus on running the company's commitment as a strategic partner in accelerating growth. Focus on the credit card business and continue to innovate to make Citibank Indonesia scored growth amid tight liquidity and competition. As of September 2013 Citibank Indonesia recorded a net profit after tax amounted to Rp 1,56 trillion, an increase of 3.10% compared to the same period in 2012, which amounted to Rp 1,52 trillion.

Danamon Bank Increasing BSL

YEAR 2013 be the year full of challenges for national banks. In the middle of macro-economic fluctuations that result in lower purchasing power, the banking industry faced with rising interest rates and tightening liquidity. It also makes the performance of many banks no bright as previous.

Standard Chartered Bank CEO Still Optimistic with Potential of Indonesia

Although the national economy is slowing, Standard Chartered still make Indonesia as the mainstay of the market to drive its business in the banking sector. The new CEO of Standard Chartered Bank Indonesia, Tse Koon Shee rate, Indonesia's potential to become a force in the world economy is very large. Economic growth could still exceed 5% in the global economic turmoil is proof.

ANZ Credit Card Targets 10% Rise During Ramadan

Usually, Expenditure is increased in the month of Ramadan to Eid. The consumption of food, clothing, life style, until vehicles to dominate the post-production. Using credit card facilitates payment transactions, especially to meet a variety of needs for Ramadan. However, if using it, is not controlled can even encrypt their owners later. 

10 Banks with Smallest Earnings

Performance of small banks, haunted by the migration of funds and take over loans by large banks. They (small banks) must be willing to suppress margins. How small bank profits portrait during 2013?

Credit Loan of BII Growth 5% in this May 2014

Internationl Bank PT Bank Indonesia Tbk (BII) has recorded a Credit growth of 5% until May 2014. Whereas last year BII credit until the first half of 2013 has reached 16%. One of the latest is the corporate credit lending. "Corporate loans slowed us this year. I do not know why, "said President Director of BII, Taswin Zakaria, when breaking the fast together with the inhabitants of Jannah Riyadhul boarding school, Sunday, June 20, 2014, in Ciseeng, Bogor, West Java. 

High Interest Rates of Banking

With the high interest rates that ultimately have an impact on the high cost in the corporate world. The business world is not optimal to increase their competitiveness. When compared to neighboring countries, bank lending rates in Indonesia are too high. This is unfortunate because it affects the financing of SMEs, and the impact of the development of SMEs.

Banks Will Still Have Trouble with Liquidity and Capital

To handle the state-owned bank capital can consolidate, expecting to get additional, very difficult from the government, and also in the rights issue because the government will share the deluded. Indonesian banks within the next 10 years will be faced with the question of liquidity and capital.

10 Banks of NCBBA 4 are Interested with Digital Financial Services

Bank Indonesia (BI) notes there are 10 banks Non- Commercial Bank Business Activity (NCBBA) 4, which is interested in running the Digital Financial Services (DFS). When acquiring permission from the central bank, the banks are not allowed to use the services of the individual agents.

BCA Presents BCA Black Card

To meet, the needs of the consumer upper middle class society, BCA presents a new credit card which is labeled BCA Black Card. PT Bank Central Asia Tbk (BCA) launched a new product BCA Black Card Credit Cards to meet the needs of its customers. The card is intended to target the upper middle class segment in the country.

Financial Services Authority (FSA) is Considered Has No Benefits

Passage of banking supervision has been previously held by Bank Indonesia (BI) and switching to the Financial Services Authority (FSA) is considered no benefits, even though the bank supervision by the FSA has been running about half a year.

FSA allows Banks to Running Branchless Banking

Financial Services Authority (FSA) allows Banks to Running Branchless Banking services, despite not having a digital financial services. FSA stressed that the banks want to mitigate risk properly. FSA Chairman of the Board, Muliaman D Hadad, said, for banks that want to implement branchless banking, the bank does not have to have a digital financial services, but the bank is run branchless banking should have a clear concept of risk mitigation, given the risks inherent in a business.

E-Money Mandiri, Brizzi and BNI TapCash for Paying Commuter Trains

PT Bank Mandiri (Persero) Tbk, Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Negara Indonesia (Persero) Tbk (BNI) in cooperation with PT KAI Commuter Jabodetabek (KCJ) in the use of electronic money (e-money) for payment Greater Jakarta Commuter Line Train ticket.

Using Cash inhibits Less Cash Society Application

Efforts Bank of Indonesia (BI) to encourage non-cash transactions in Indonesia knock people's behavior, which is used to deal with using cash. "To that end, the central bank launched a cash less society. The cash could be reduced if severe, is currently only capable of Sweden. It just slows down, it's nice, "said Deputy Director of Policy and Payment System Oversight BI, Yura A. Djalins, in Jakarta, Wednesday, June 11, 2014.

10 Biggest Profit Earner Banks in Indonesia

National banks pocketed the profit for 2013 amounted to Rp13, 88 trillion or grew 14.95% to Rp106, 71 trillion from Rp92, 83 trillion in the same period of 2012. Banks net profit was driven by an increase in interest income of 17.10% or become Rp458, 19 trillion and rising non-interest operating income of approximately 11.23% to Rp139, 66 trillion. Here are 10 banks that managed to score the biggest profit for financial performance in 2013. Who are they? 

OCBC NISP Wins Best Managed Company

PT Bank OCBC NISP Tbk (NISP OCBC) wins the "Best Managed Company" in the event of Asia's Best Companies Poll by Finance Asia Magazine, as one of the companies that generally attract investors in the world.

How FSA handle the Consumer Complaint

Financial Services Authority (FSA) said they would continue to perform its coordination with relevant parties to resolve any complaints or disputes in the sector, financial services institutions (LJK) in providing protection to the public.

BCA wins Finance Asia Awards 2014

PT Bank Central Asia Tbk (BCA) wins five awards in the showground Finance Asia Awards 2014. Among them, Best CEO in the first stage, the Best Managed Companies in the second stage, Best Corporate Governance in the second stage, Best Corporate Social Responsibility in the sixth, and Most Committed to a Strong Dividend Policy in stage four.

Credit of Mutiara Bank only repaid 25%

PT Mutiara Bank Tbk noted, From 11 companies of total debtors, only 9 companies whose good intentions to pay their debts to the Bank Mutiara. Because of the total debt of Rp 600 billion provided by Bank Mutiara to the company, on average, only 25 % were satisfied.

Consumer Credit in BCA Still Growing Up 20%

PT Bank Central Asia Tbk ( BCA ) remains optimistic about the performance of consumer loan or consumer loan , despite the national economic growth is slowing due to declining export performance .

BCA is Ready for Digital Financial Services

PT Bank Central Asia Tbk (BCA) is optimistic able to become one of the banks that provide financial services digitally, in an effort to expand the penetration of services and financial services for the community or financial inclusion.

Investment in Banking Still Tantalize

Financial Services Authority (FSA) revealed that the Return on Assets (ROA) in the banking industry recorded until March 2014 was as high as at point 3.01 % . The high ROA could mean that the investment banking industry in the country is still tempting.

OCBC NISP Presents Funtastrip Program.

PT Bank OCBC NISP Tbk ( NISP OCBC ) presents Funtastrip Signs program, which is a lottery program for some tourist destinations such as Disney World Magical Orlando. Director of OCBC NISP Krishnawan Andrae said the company make every effort to accommodate the needs and desires of customers. "We hope that through this program Funtastrip Signs can encourage the growth of third -party funding (TPF) and the growth of new customers through savings and Signs Signs 360 Premium, " he said in OCBC NISP Tower, Jakarta, Thursday, May 22, 2014.

Ahead of Eid, BI askes banks to Keep Liquidity

Entering the holy month of Ramadan and the Eid feast, Bank of Indonesia (BI) asks national banks to strengthen liquidity . This is in order to maintain the stability of the financial system and monetary stability through the strengthening intermediary bank.

About Banking Crime, FSA Calls Mandiri Bank

Financial Services Authority (FSA) said it has summoned the management of banks that experienced banking crimes recently. This is done as policy measures to address the crime and banking and potentially devastating banking customers lately.

Digital Banking Citibank Customers Reaches 7.4 Million

Digital banking services in Asia is growing very rapidly. Citibank has 7.4 million digital banking customers . The rapid growth of digital media users in Asia is a potential market opportunity for digital banking services . This opportunity can be utilized very well by Citibank.

Deposit Guarantee Institution Raises Interest Rate Deposit

Deposit Guarantee Institution brings up so that banks can be more careful and always pay attention to the interest rate guarantee safe conditions. Deposit Guarantee Institution increase of 25 basis points rate of interest on deposits in rupiah General Bank and Rural Credit Bank (BPR) . While savings in the form of foreign exchange (Forex) is a rising or constant, ie Commercial Banks 7.75 % (Rupiah), 1.50 % (foreign exchange), and BPR 10.25 %.

Chip technology is Believed to Stopping Account Funds Stealing Via ATM

Chip technology adopted by January , 2015, is believed to ward off the highjacker who break ATM card / debit card. Still many evil banking technology-based information, especially in the payment system for using  payment with credit or debit card. Chief Country Officer for Citibank Indonesia, Tigor M. Siahaan told, that international criminal syndicate, successfully stealing funds worth USD 45 million from 400 thousand customer accounts, currently at - merchant transactions in different parts of the world.

Through CSR, OCBC NISP Increase Student Financial Knowledge

In addition to trying to improve the financial literacy of students, through a one-day seminar, OCBC NISP also make this event as the beginning stages of recruitment. PT Bank OCBC NISP Tbk ( NISP OCBC ) seeks to improve people's knowledge of products and banking services, by holding a one-day seminar on wealth management services to 90 students of Bina Nusantara University.

Boediono's Reasons To Give FPJP For Century Bank

Bank Indonesia Regulation changes discussed in the meeting of the Board of Governors of Bank Indonesia (RDG-BI) in order to adjust the current state of Indonesian banks. Provision of Short Term Financing Facility (FPJP) to Bank Century was considered the right decision. Because, if it is not done then the situation will be more complicated and the impact on the existing banks in the country.

Mandiri Bank Installs EDC to Blue Bird Taxi

To spur business in electronic banking segment, and meet the needs of the people of the means of payment convenient, fast and reliable . Mandiri Bank installs EDC to the Blue Bird taxi fleet. To improve the ease and convenience of use taxis in making payments, PT Bank Mandiri Tbk PT working with Blue Bird and Group by installing Electronic Data Capture (EDC  in all taxis Blue Bird .

CMB Niaga Gets TPF Rp 161,42 trillion

CIMB Niaga view that 2014 is full of challenges. Uncertainty are likely to continue to occur . CIMB Niaga ready to perform a variety of strategically where to continue to grow. PT Bank CIMB Niaga Tbk posted March 31, 2014 until the acquisition of third party funding (TPF) amounted to Rp 161,42 trillion. The acquisition has occurred due to the diversity of deposit products, including the launch of the latest savings product , namely CIMB Niaga Hypermart Savers.

BNI Launches BNI JCB Platinum Credit Card

Services companies, international credit card payments from Japan have been the hope of increasing the level of credit card ownership in Bank BNI. PT Bank Negara Indonesia Tbk ( BNI ) in collaboration with the Japan Credit Bureau ( JCB ) launched the International BNI  JCB Platinum Credit Card. The launch of credit cards is expected to provide benefits for customers BNI, especially the Japanese society.

Citi Indonesia awarded as World's Best Internet Bank in Indonesia

Citi Indonesia awarded as World's Best Internet Bank in Indonesia. The competition was attended by about 250 banks in the world. Trends in banking services with a technology that provides easy carrying increasingly in demand. electronic banking Services (e-banking), for example, be present in order to meet the needs of customers who require the speed and ease. Amid the increase of Internet users, this service continues to grow by serving a variety of banking transactions.

Bank Mandiri's lack of ability to provide facilities Housing Loan

Bank Mandiri's lack of ability to provide facilities Housing Loan (mortgage) for lower economic class people. The government plans to sell its stake in PT Bank BTN (Persero) Tbk to PT Bank Mandiri (Persero) Tbk is considered only creates stagnation of housing development in the area.

Bank of East Java still rely on Consumer Credit

Consumer credit, primarily credit multipurpose Bank of East Java which is still relied upon to sustain business growth. BPD East Java PT Tbk (Bank of East Java) noted the contribution of consumer loans 63.5 % of total outstanding loans. Still reliable multipurpose loans to boost the company in business in this segment.

CIMB Niaga offers Free to Choose Interest Program

Program is for customers who already know the extent installment to be paid each month, so we can use the residual funds for other needs. PT Bank CIMB Niaga Tbk (CIMB Niaga) afford Home Ownership Credit (HOC) " Free to Choose Interest Program ". This program lets customers choose the HOC scheme with a choice of fixed interest / fixed -competitive. CIMB Niaga hope that this program can provide a positive contribution to growth this year HOC CIMB Niaga.

Online Banking has become a Basic Needs Customer

Online Banking If these are not met then the customer will switch sides. Meet the basic needs of banking services alone is not enough in value to increase customer loyalty. Although customers currently use banking services to a wide variety of needs , but optimally meet basic needs such as bank ATMs, branches and online banking service is fundamental in establishing cooperation with customers.

Customer's Confidence in the Banking Industry is Increased Again

Based on a survey of more than 32 thousand bank customers in 43 countries trust to the fore that each bank is high and the majority of clients worldwide satisfied. After experiencing a drastic reduction in the last year, Customer's Confidence in the Banking Industry is  increased again. Customer confidence in the success of retail banking increased in a challenging year.

Post-merger, Hana Bank Chases Grow Loans 27%

Once the merger is expected to grow 27% credit, up to Rp 3 trillion in 2014. Until the end of 2013, loans amounted to Rp 9, 8 trillion. After the merger between KEB Indonesia, with Hana Bank, credit growth is predicted to rise by up to 27% in 2014 with business focus is in the corporate and SME sector, international banking as well as some other choices of products and services for the retail market is segmented.

Islamic Banking Still Not Show Excelent Growth

Economic growth is slowing, dragging the Islamic financial market, especially in the Islamic banking industry. Financial Services Authority (FSA) considers, until now the Islamic finance industry, especially banks, have not seen any significant development. Because the growth target of Islamic banks fell 24 % last year.

BII eyeing Fee Based Income from Asuransi Bintang

Cooperation with Bintang Insurance (Asuransi Bintang) grows BII fee-based   income. This is consistent with the mechanism of payments made through credit cards BII. PT Asuransi Bintang Tbk and PT Bank Internasional Indonesia Tbk (BII), to collaborate in the provision of insurance products. The cooperation is expected to boost business BII, especially in terms of fee-based income.

Inflation trend in 2014 is Declining

Compared to inflation of 1.07 % in January, inflation in February this year at 0.26 % is much more restrained. Bank of Indonesia (BI) judged that inflation was on a downward trend, where in February 2014 is quite low at 0.26 % in the month or (month to month/mtm) or 7.75% in a year (year on year/ yoy).

Target Credit and Debit Card Citibank is Growing 20%

In order to sustain the growth of Citibank credit cards targeted 20 %, three merelaunch Citibank credit card once the card Premiere Miles, Cashback and Rewards Card to meet the daily needs of its customers. Citibank Indonesia is targeting growth in credit cards and debit cards this year reached 20 %. Because, until now the number of credit cards and each card debetnya reached 1 million and 100 thousand cards.

Permata Bank is Targeting Wholesale Loans Growing 15%

Bank Indonesia's statement asking the banking industry to curb credit growth, Permata Bank only set a target of 15% of wholesale loans in 2014.

Adira Finance Ready to Issue Bonds Rp 4 Trillion

To achieve the target of 10 % growth financing, Adira Finance will issue bonds in the first semester and second semester of 2014.  PT Adira Finance Tbk plans to issue bonds worth Rp 4 trillion. The plan is to sustain the target vehicle financing grew by 10 % in 2014.

Sinar Mas Sells Simas Sehat Income by Online

To boost revenues from premium payments in health insuranc, especially products Simas Sehat Income, ASM will sell these products with online. PT Asuransi Sinar Mas ( ASM ) note , health insurance contributions, the total premium in the can by 20 %. Hopefully, health insurance contributions would be even better with the products Simas Sehat Income. Distribution will be encouraged in order to gain better health insurance premiums.

Bank Signs 38 Mini MRA Again

With the increasing number of bank-related Mini MRA (Master Repurchase Agreement), then participation banks also more spacious and has represented the entire group of banks Book I to Book IV. Bank of Indonesia (BI) to facilitate the deal with miniature MRA signatories ( Master Repurchase Agreement ) phase II by 38 banks. BI Governor Agus Martowardojo explained, Mini MRA signatories had previously been done by 8 banks pioneers conducted on December 18, 2013 ago .

Erroneous Government Policy Trigger Surge NPL

Policy issued by the Government is expected not to make the company become jammed in the pay of bank credit . Although generally  the level of non-performing loans (NPL) of national banks in 2014 is still in the safe corridor. However, the wrong policies of the government will be the main drivers of the increase in bad loans.

High Installment Rate, Lower Class People Reluctant to Take Housing Credit

Installment rate, which did not yet be reached, by the middle of society, making people re-think for a Housing Credit ( KPR). Housing Ministry data quotes that are still suffering from a shortage of homes (backlog ) of around 15 million units given the growing need for new homes per year with a total of 800 thousand units.

Standard Chartered Launches Bancassurance CI 100

Bancassurance products, namely CI 100 was launched along with the data above Standard Chartered nearly 50 % of the population in Indonesia died due to critical illness. Standard Chartered Bank Indonesia launched the latest addition to the features of bancassurance products, namely CI 100, which was developed by Aliianz Life Indonesia. Because these products in order to grow its business this year.

BI Rate Rises, TPF Banking Jumps

Growth of Third Party Funds ( TPF ) banking , annually rising from 12.3 % in November, to 13 % in December influenced interest rate hikes push mold deposit interest rate hikes. Bank of Indonesia (BI ) said total deposits in the banking community during 2013, an increase when compared with the previous year. Thus, the money supply to keep inflation declined fit the mold interest rate policy (BI rate) rises.

After injecting capital, Deposit Insurance Corporation is Ready to Sell Mutiara Bank

Capital adequacy ratio improvement through capital injection of Rp 1.2 trillion, it is expected that the Deposit Insurance Agency to support the bank's performance to launch a process of divestment. Capital injections undertaken Deposit Insurance Corporation for PT Bank Mutiara Tbk, is expected to expedite the process of the sale or divestment of banks that had to wear this flag Century Bank.