INDONESIA - BANKING - Maybank Granted Further Six Months Extension for Sell-Down of BII Shares

www.theindonesiatoday.com - KUALA LUMPUR, Indonesia Today - Malayan Banking Berhad (Maybank) has been granted a further extension of six months to fulfill the sell-down of Bank Internasional Indonesia (BNII) shares.
Maybank informed Bursa Malaysia Friday (July 6) that on 5 July 2012, the bank received an approval letter dated 29 June 2012 from Badan Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam), wherein Bapepam has granted a further extension of time of six (6) months starting from the date of the Approval Letter for Maybank to fulfill the Sell-Down Requirement (source)

INDONESIA - BANKING - Syariah-Maybank BII merger not complete

WWW.REPUBLIKA.CO.ID, Bogor - Bank International Indonesia (BII) are still awaiting the outcome of internal decision related to the consolidation of business units and Maybank BII Shariah.
Up to now, between BII and Maybank still discussing the options available, namely Maybank BII mengakuisisi sharia or otherwise.
"What is our current focus is to expand our business units of sharia," said President Director of BII, Datuk Khairussaleh, Saturday (26/5).  (source)

INDONESIA - BANKING - Indonesia ruling may hurt Malaysian banks' earnings

www.btimes.com.my - KUALA LUMPUR: Malaysia's top two banks could be dealt a bigger blow than expected if Indonesia limits the maximum stake a single shareholder can own in its banks to below 50 per cent, as news reports from Jakarta suggested. A Reuters report yesterday said Bank Indonesia was set to announce next month a reduction in the single-shareholder threshold from 99 per cent currently to a level below 50 per cent. It quoted unnamed sources with direct knowledge of the plan.

A Bisnis Indonesia report, also quoting sources, said the central bank planned to limit the ownership in banks to 40 per cent for financial institutions, 30 per cent for non-financial institutions and 20 per cent for individuals. (source)

INDONESIA - BANKING - DBS bid to take over Danamon in limbo

www.thejakartapost.com -A proposed change to Indonesia's bank ownership limits is threatening to dash DBS Group's bid to take over Bank Danamon.

Sources told Reuters that Indonesia's central bank is planning to limit the maximum stake a single shareholder can take in the country's banks to below 50 per cent, down from 99 per cent now.
This would likely scupper DBS' plan to buy a 67.4 per cent stake in Danamon from Temasek Holdings for $9.1 billion.
But some political observers are optimistic that the final policy change will not be so drastic, as senior Cabinet figures are concerned that foreign investors might be turned off by the move.  (source)

INDONESIA - REGULATONS - Indonesia Set to Cap Bank Owners’ Stakes: Sources

www.thejakartaglobe.com -  Singapore/Jakarta. Indonesia’s central bank is set to limit the maximum stake a single shareholder can take in the country’s banks to below 50 percent, a move that could scupper Singapore-based DBS Group’s $7.3 billion bid for Bank Danamon.

DBS’s acquisition plans were thrown into limbo late last month when the Indonesian central bank said it would not approve the deal until it had published a long-awaited set of rules on bank ownership. Bank Indonesia did not disclose details of the rules at the time. (source)

INDONESIA BANKING - All BII divisions boost Maybank unit

www.thestar.com.my - JAKARTA: Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Internasional Indonesia Tbk (BII) recorded a 78% increase in its net profit to 267 billion rupiah (RM87.95mil) for the first quarter ended March 31, due to strong loan growth, better performance of the bank’s core businesses, and improvement of the overall banking operations.
Maybank said in a statement yesterday that the decline in provision expenses due to improving asset quality also contributed to the stronger bottom line.
The bank also continued to book strong loan growth in the first quarter.  (source)

INDONESIA - BANKING - BANK MERGER: Evaluation & BII Maybank Islamic finalized this year

www.bisnis.com - JAKARTA: PT Maybank Islamic Indonesia optimistic to complete the evaluation plan of merger with Islamic business unit of PT Bank International Indonesia Tbk this can be completed in the year.
Indonesia President Director of Maybank Islamic Ibrahim Hassan said the merger plan itself is still not final because the company has not found the right business model.
"We're still evaluating the model. We hope the evaluation can be completed this year," he said in the midst of Islamic Finance Forum, 17 April 2012.  (source)

INDONESIA - BANKING - BII profit in 2011 increased 45 percent

www.antaranews.com - Jakarta (ANTARA News) - PT Bank International Indonesia (BII) recorded a net profit of Rp669 billion in 2011, a 45 percent increase compared to the previous year.

"Our hard work to regain the growth momentum has resulted in an increase in profits," said BII Acting Director Rahardja Alimhamzah in a written statement received here on Thursday. (source)

INDONESIA - BANKING - Maybank turns in record performance

www.btimes.com.my - Top lender Malayan Banking Bhd (Maybank) posted a 20 per cent
increase in net profit for the last financial year comprising just six months and announced a better-than-expected final dividend.
 
It was a shorter financial year as the group changed its year-end to December 31 from June 30. (source)

INDONESIA - BANKING - Maybank plans to further boost BII operations

www.thejakartapost.com - Malayan Banking Berhad (Maybank) will expand the operations of Indonesian subsidiary PT Bank Internasional Indonesia Tbk (BII), in a bid to take advantage of solid economic growth in the country, the financial group’s president and chief executive officer Abdul Wahid Omar says.

Omar said that Indonesia’s high economic potential has made it possible for financial institutions, such as BII, to strengthen business in the country. He also expected that the Indonesian bank would become one of the main sources of revenues to Maybank in the future. (source)

INDONESIA - BANKING - Malayan Banking Berhad : BII Records 45% Increase in Net Profit for FY 2011

www.4-traders.com - Jakarta - PT Bank Internasional Indonesia Tbk ("BII or the "Bank) today announced a consolidated net profit of Rp669 billion for the full year ended 31 December 2011, a 45% increase from the Rp461 billion in the previous corresponding period ended 31 December 2010. The Bank's profit before tax reached Rp985 billion, 25% up compared to the previous corresponding period. The improved performance was mainly driven by solid growth across the Bank's core businesses, improvement of asset quality, as well as from overall operational improvements. (source)

INDONESIA - BANKING - BII Sharia expansion in East Java

www.suarapembaruan.com - [JAKARTA] PT Bank International Indonesia Tbk (BII) to expand the network by opening Sharia BII office channeling simultaneously in 15 BII branch offices in East Java. 15 Branch Office (KCP) Iitu Kertajaya namely, Cotton Krampung, Manyar, ITC Mega Wholesale, Tunjungan Plaza, Kedungdoro, Pasar Atum, Argopuro, Supermall, Pondok Chandra, Silver, HR. Muhammad, Gresik, Kepanjen, and Banyuwangi. Complements its presence in the presence of BII Sharia Branch Office (KCS) Jakarta, Semarang KCS, KCS Bandung, Surabaya KCS, KCS Banda Aceh and 79 office channeling in DKI Jakarta, West Java, Central Java and East Java.  (source)

INDONESIA - BANKING - BII Syariah Network Expands in East Java

JAKARTA-PT BII Sharia expand the network by opening the office channeling as much as 15 branch offices in East Java (East Java) in an effort to improve the acquisition of public funds.
"Office channeling BII Sharia Sharia is a synergy between the BII BII with conventional branch offices in an effort to provide integrated services," said Head of Islamic Banking Division of Bank, Chairil A Aziz, in his press conference here on Tuesday.  (source)

INDONESIA - RATINGS - Bank Internasional Indonesia, Tbk.

PEFINDO affirmed its “_idAA+” rating of PT Bank Internasional Indonesia Tbk (BNII or the Bank) and its “_idAA” rating of the Bank’s outstanding subordinated Debt I Bank BII 2011 of IDR1.5 trillion.  At the same time, PEFINDO also assigned its “_idAA+” rating to the Bank’s proposed Senior Bond I/2011 and “_idAA” rating to the Bank’s proposed Subordinated Debt II/2011, both under the PUB Offering Scheme (Penawaran Umum Berkelanjutan) for a maximum amount of IDR6.0 trillion.  Outlook for the corporate rating is “stable”.  The ratings reflect strong support from Maybank of Malaysia (Maybank or the Parent), strong market position, and improving profitability measures.  However, the ratings are constrained by BNII’s moderate capitalization and tight competition within the banking industry. (source)

MALAYSIA - BANKING - Maybank Islamic Market Share in Asean 27%

JAKARTA - Bank Syariah largest commercial in Malaysia, Maybank has a market share of Islamic Sharia financing in ASEAN by 27 percent and deposits by 21 per cent sharia.

Maybank Islamic total assets reached 66 billion ringgit, and recorded a growth of 49 percent on an annual basis, said President & CEO of Maybank, Dato 'Sri Abdul Wahid Omar in Tanjung Ipoh, Kuala Segment on Monday.  (source)

INDONESIA - BANKING - BII's Syariah Unit to Likely Merge into Maybank Syariah

Theindonesiatoday.com - Shariah unit of PT Bank International Indonesia Tbk (BII) is likely to merge into PT Bank Maybank Syariah Indonesia (Maybank Syariah), Investor Daily reported this morning.

Dato Sri Abdul Wahid Bin Omar, president and chief executive officer (CEO) of Maybank and BII's commissioner, said the shareholders of both companies have yet to make decision but he admits both parties have plan for merger.(source)

INDONESIA - BANKING - Bii Syariah absorbs Rp393.1 billion in public funds

Jakarta (ANTARA News) - Bank Internasional Indonesia (BII) Syariah in the first quarter of 2011 managed to absorb Rp393.1 billion in third party funds (TPF) and extended Rp414.2 billion to its customers in the same period, a BII executive said.

The Islamic-Syariah bank which owns assets worth Rp557.6 billion, is optimistic that the syariah business in the country would develop well in line with the national economic growth which almost reached seven percent, BII Division Head Chairil A Azis said during a function in Surabaya, East Java, on Sunday. (source)