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.