www.btimes.com.my -KUALA LUMPUR: Affin Holdings Bhd, Malaysia’s smallest banking group by
market value, rallied the most in a month after obtaining central bank
approval to start talks to buy a stake in the country’s second-oldest
Islamic bank.
The stock advanced as much as 2.3 per cent in Kuala
Lumpur trading to RM3.56. It pared gains to RM3.54 at 11:50am, poised
for its steepest increase since July 18. It was the second-biggest
increase in the Bursa Malaysia Finance Index, which climbed 0.3 per
cent.
Acquiring a stake in Bank Muamalat Malaysia Bhd may
increase Affin’s scale and help strengthen its position in the Southeast
Asian nation’s Islamic banking industry, according to a brokerage
report by Alliance Financial Group Bhd today. Bank Muamalat was formed
in 1999, the second full-fledged Islamic bank set up in the country
after Bank Islam Malaysia Bhd. (source)
Showing posts with label foreign. Show all posts
Showing posts with label foreign. Show all posts
Monday, August 20, 2012
Tuesday, August 14, 2012
INDONESIA - BANKING - Foreign Banks Facing Paid-Up Capital Rule From Indonesian Government
www.thejakartaglobe.com -The central bank plans to impose a regulation on
foreign lenders operating branch offices here that will require them to
meet a similar minimum paid-up capital sum that locally incorporated
lenders must pay.
Indonesia allows foreign lenders to operate branch offices here without establishing a locally incorporated company, a policy often criticized by local lenders as paving the way for unfair competition and increased risk for Indonesian deposit holders.
Halim Alamsyah, a deputy governor at Bank Indonesia, said the minimum paid-up capital requirement for local banks — currently set at Rp 3 trillion ($318 million) for the establishment of a new conventional bank — would be applied in some form to foreign branch operators as well. (source)
Indonesia allows foreign lenders to operate branch offices here without establishing a locally incorporated company, a policy often criticized by local lenders as paving the way for unfair competition and increased risk for Indonesian deposit holders.
Halim Alamsyah, a deputy governor at Bank Indonesia, said the minimum paid-up capital requirement for local banks — currently set at Rp 3 trillion ($318 million) for the establishment of a new conventional bank — would be applied in some form to foreign branch operators as well. (source)
Tuesday, August 07, 2012
INDONESIA - BANKING - QNB Kesawan Turns to Loss in First Half
www,theindonesiatoday.com - JAKARTA (Indonesia Today) - PT Bank QNB Kesawan
Tbk booked net loss of Rp11.67 billion in the first half of 2012,
flipped from net profit of Rp10.7 billion in the corresponding period of
2011.
The bank actually posted higher net interest income of Rp87.4 billion, representing an increase of 20% from the first half of 2011. Bank QNB Kesawan, however, suffered from substantially higher personnel and administrative expenses. (source)
The bank actually posted higher net interest income of Rp87.4 billion, representing an increase of 20% from the first half of 2011. Bank QNB Kesawan, however, suffered from substantially higher personnel and administrative expenses. (source)
INDONESIA - BANKING - Maybank Optimistic It Will Maintain Control of BII
www.thejakartaglobe.com - Kuala Lumpur. Malayan Banking is convinced that it will
be able to keep its controlling stake in Bank Internasional Indonesia
despite the recent change in bank ownership rules in Indonesia.
Maybank, which bought BII in 2008, owns 97.3 percent of Indonesia’s eighth-largest lender.
Last Tuesday, BII reported that it recorded a 61 percent increase in net income during the first half.
Three weeks ago, Indonesia’s central bank issued new rules limiting ownership in domestic banks at 40 percent. However, it said it would allow waivers if the owners were listed banks that maintained high levels of corporate governance and were in sound financial health. (source)
Maybank, which bought BII in 2008, owns 97.3 percent of Indonesia’s eighth-largest lender.
Last Tuesday, BII reported that it recorded a 61 percent increase in net income during the first half.
Three weeks ago, Indonesia’s central bank issued new rules limiting ownership in domestic banks at 40 percent. However, it said it would allow waivers if the owners were listed banks that maintained high levels of corporate governance and were in sound financial health. (source)
Friday, July 20, 2012
INDONESIA - TAKAFUL - Allianz Life premium income up 44% of Sharia
www.kontan.co.id - JAKARTA. During the first half of 2012, the performance of PT Allianz Life Syariah bright. This insurance company had a premium of Rp 269 billion or an increase of 44% over the same period last year. Nearly 97% of premium income derived from products unitlink.
While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
While the contribution of agency lines reached 89% of total premium Sharia. The number of agents certified Sharia Allianz Life 6300 people. Until late 6600 the number of agents targeted Islamic people.
Kiswiati Soeryoko, Chief of Sharia and Corporate Communications Officer of Allianz Life Indonesia confirms, the contribution of bancassurance also showed an increase. Throughout the first half, bancassurance contributes 9%. (source)
Thursday, July 05, 2012
INDONESIA - BANKING - BIMB awaits response from Indonesian bank
www.thestar.com.my -
KUALA LUMPUR: Bank Islam Malaysia Bhd (BIMB)is awaiting response from an Indonesian Islamic bank on its proposed offer to acquire 30% to 40% stake, said managing director Datuk Seri Zukri Samat.
Zukri said the proposed acquisition was part of BIMB’s move to expand its overseas operations.
“BIMB has identified one bank and has indicated its offer to them but so far, we have yet to receive any response to our proposal,” he said. (source)
Zukri said the proposed acquisition was part of BIMB’s move to expand its overseas operations.
“BIMB has identified one bank and has indicated its offer to them but so far, we have yet to receive any response to our proposal,” he said. (source)
Friday, June 29, 2012
INDONESIA - BANKING - Bank Victoria Mulls 20% Stake Sale to Foreign Investor
www.theindonesiatoday.com - JAKARTA, Indonesia Today - PT Bank Victoria International Tbk (BVIC) plans to sell 15-20% stake to foreign investors for increasing capital, Investor Daily reported this morning.
Andrew A Haswin, alternate president director of Bank Victoria, said some foreign investors including from Europe are interested to buy Bank Victoria's shares. "Growing by organically is the best way to grow faster," he said.
Bank Victoria's shareholders are PT Victoria Sekuritas Masyarakat (35.16%), public (32.56%), Suzanna Tanojo (13.47%), Emirates Tarian Asset Management (9.05%), PT Suryayudha Investindo Cipta (6.4%) and PT Nata Patindo (3.36%). (source)
Andrew A Haswin, alternate president director of Bank Victoria, said some foreign investors including from Europe are interested to buy Bank Victoria's shares. "Growing by organically is the best way to grow faster," he said.
Bank Victoria's shareholders are PT Victoria Sekuritas Masyarakat (35.16%), public (32.56%), Suzanna Tanojo (13.47%), Emirates Tarian Asset Management (9.05%), PT Suryayudha Investindo Cipta (6.4%) and PT Nata Patindo (3.36%). (source)
Wednesday, June 27, 2012
INDONESIA - REGULATIONS - DBS Indonesia Deal May Dodge New Bank Ownership Rules
www.thejakartaglobe.com - The gloom surrounding DBS Group’s $7.2 billion bid for Indonesia’s Bank
Danamon is giving way to renewed optimism, with signals from the central
bank in Jakarta on Tuesday suggesting the Singapore lender’s takeover
may just scrape through.
Southeast Asia’s biggest banking takeover bid was thrown into limbo in April, when Bank Indonesia (BI) announced it would not approve the deal to buy its sixth-biggest lender until it had published new regulations to cap ownership stakes in banks.
The central bank says it wants to prevent its lenders falling captive to single interests and ensure they have a diverse shareholder base holding management to account. (source)
Southeast Asia’s biggest banking takeover bid was thrown into limbo in April, when Bank Indonesia (BI) announced it would not approve the deal to buy its sixth-biggest lender until it had published new regulations to cap ownership stakes in banks.
The central bank says it wants to prevent its lenders falling captive to single interests and ensure they have a diverse shareholder base holding management to account. (source)
Tuesday, June 26, 2012
INDONESIA - REGULATIONS - Bank Indonesia Spells Out Three Requirements for Bank Ownership
www.thejakartaglobe.com -Bank Indonesia has spelled out three main requirements
for investors to be able to own more than 40 percent and up to 90
percent of stakes in banks.
Bank Indonesia deputy governor Halim Alamsyah said in the Bank Indonesia Regulation on Banking Ownership Structures, BI differentiated three categories — ownership of up to 40 percent, up to 30 percent and up to 20 percent.
However, Halim said exceptions were permitted, and investors could have more than 40 percent of the shares in a bank but the central bank would first study how the bank managed itself, whether it was capable and whether there were benefits to the economy. (source)
Bank Indonesia deputy governor Halim Alamsyah said in the Bank Indonesia Regulation on Banking Ownership Structures, BI differentiated three categories — ownership of up to 40 percent, up to 30 percent and up to 20 percent.
However, Halim said exceptions were permitted, and investors could have more than 40 percent of the shares in a bank but the central bank would first study how the bank managed itself, whether it was capable and whether there were benefits to the economy. (source)
Monday, June 25, 2012
MALAYSIA - BANKING - CIMB takes aim at Goldman, JPMorgan
www.btimes.com.my - CIMB Group Holdings Bhd, Southeast Asia’s top-ranked investment bank
over the past three years, is taking aim at a bigger market following
its acquisition of some of Royal Bank of Scotland Group Plc’s operations
in Asia.
The Malaysian company can now compete with rivals including Goldman Sachs Group Inc and JPMorgan Chase & Co for Asia- Pacific deals, Chief Executive Officer Nazir Razak said in an interview in Kuala Lumpur. CIMB agreed in April to buy most of Edinburgh-based RBS’s investment banking and cash equities businesses in the region for US$142 million.
The acquisition, which initially seemed to be an “audacious” idea, will complete the bank’s operations and help CIMB boost market capitalization to more than RM100 billion (US$31 billion) by 2015, Nazir said. That’s about 75 percent more than its current value. The Kuala Lumpur-based lender also targets becoming one of the top three Southeast Asian banks by assets and return on equity. (source)
The Malaysian company can now compete with rivals including Goldman Sachs Group Inc and JPMorgan Chase & Co for Asia- Pacific deals, Chief Executive Officer Nazir Razak said in an interview in Kuala Lumpur. CIMB agreed in April to buy most of Edinburgh-based RBS’s investment banking and cash equities businesses in the region for US$142 million.
The acquisition, which initially seemed to be an “audacious” idea, will complete the bank’s operations and help CIMB boost market capitalization to more than RM100 billion (US$31 billion) by 2015, Nazir said. That’s about 75 percent more than its current value. The Kuala Lumpur-based lender also targets becoming one of the top three Southeast Asian banks by assets and return on equity. (source)
MALAYSIA - BANKING - Malaysia May Liberalize Banking Sector
www.thejakartaglobe.com - Malaysia, the third-biggest economy in Southeast Asia, is considering
opening up its banking system to foreign investors, a move seen by
analysts as part of the country’s efforts to expedite integration into
the so-called Asean Community in 2015.
Zeti Akhtar Aziz, governor of Bank Negara Malaysia, that nation’s central bank, said the country was preparing new banking rules to provide greater flexibility in the nation’s financial system.
“We are now pushing a new law in parliament for the full financial system,” Zeti said after delivering a keynote speech at the Wharton Global Alumni Forum in Jakarta on Friday. “We’re not sure when it will go, either this time or next time. Next time [may mean] in September. But that law will give us more flexibility in the licensing,” she said. (source)
Zeti Akhtar Aziz, governor of Bank Negara Malaysia, that nation’s central bank, said the country was preparing new banking rules to provide greater flexibility in the nation’s financial system.
“We are now pushing a new law in parliament for the full financial system,” Zeti said after delivering a keynote speech at the Wharton Global Alumni Forum in Jakarta on Friday. “We’re not sure when it will go, either this time or next time. Next time [may mean] in September. But that law will give us more flexibility in the licensing,” she said. (source)
MALAYSIA - BANKING - Maybank IB downgrades BIMB to 'sell'
www.btimes.com.my -Maybank IB Research has downgraded BIMB Holdings Bhd to "sell" from
"buy"’ as it sees the recent run-up in the Islamic financial
institution’s share price as excessive.
“Much as we continue to view Bank Islam’s and Syarikat Takaful Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up in BIMB’s share price is cause to pause and take stock,” the research house said in a note on Monday. (source)
“Much as we continue to view Bank Islam’s and Syarikat Takaful Malaysia Bhd’s (BIMB’s units) prospects positively, the recent run-up in BIMB’s share price is cause to pause and take stock,” the research house said in a note on Monday. (source)
Saturday, June 16, 2012
INDONESIA - REGULATIONS - BI to Strictly Select Foreign Investor in Controlling Local Bank Read more: Latest News | BI to Strictly Select Foreign Investor in Controlling Local Bank
www.theindonesiatoday.com -JAKARTA, Indonesia Today - Central bank, Bank Indonesia
(BI), will not only restrict the ownership in banks with certain good
corporate governance (GCG) standars, but also strictly select the
foreign investors in controlling the local bank, Bisnis.com reported.
Mulya Siregar, executive director for banking research and management department at Bank Indonesia, told in media briefin Tuesday night (June 12) that the strict selection is based on two considerations; first, difficult to know foreign investors' performance or track record and second, difficult to know foreign investors' source of funds. (source)
Mulya Siregar, executive director for banking research and management department at Bank Indonesia, told in media briefin Tuesday night (June 12) that the strict selection is based on two considerations; first, difficult to know foreign investors' performance or track record and second, difficult to know foreign investors' source of funds. (source)
Friday, June 08, 2012
SINGAPORE - EVENTS - Islamic banks 'can fill funding gap': S’pore Monetary Authority
www.thejakartaglobe.com -Islamic banks are priming themselves to capture a larger share
of the global trade and project financing market, as European banks pull
back funds to mend balance sheets back home.
Wednesday, June 06, 2012
INDONESIA - BANKING - Expansion of Foreign Banks in Indonesia Bank Sarasin to open the service in Indonesia
www.kontan.co.id - JAKARTA. Bank Sarasin & Co.. Ltd., began considering a plan to do business in Indonesia. Currently,
a special bank manage customer wealth of at least U.S. $ 2.7 million,
the newly opened representative office in Singapore to attract the rich
in Asia.
Renate Boerner, Marketing Communications Director of Bank Sarasin said it wanted to open a representative office in Indonesia to expand the market. The potential is promising, in line with the increasing number of wealthy people in this country. "But we are not going to realize in the near future," he said KONTAN met on Tuesday (5/6). (source)
Renate Boerner, Marketing Communications Director of Bank Sarasin said it wanted to open a representative office in Indonesia to expand the market. The potential is promising, in line with the increasing number of wealthy people in this country. "But we are not going to realize in the near future," he said KONTAN met on Tuesday (5/6). (source)
Sunday, June 03, 2012
INDONESIA - BANKING - QNB Bank Kesawan expand the market
www.kontan.co.id - JAKARTA. Arrival of new investors pushed QNB Bank Kesawan more aggressive expansion. Management set up an investment fund of Rp 150 billion to strengthen its business lines, and network marketing this year.
Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in Jakarta, Lampung, Palembang, Samarinda, Central Java, West Java and East Java. "Each new office spent approximately USD 3 billion," said Madi D. Blue, Director of QNB Kesawan yesterday.
Currently QNB Kesawan already operates services in 38 branches. Next year, management continued to expand the marketing network to have 200 branches by 2016. Previously, the new management moved the headquarters from Jalan Gajah Mada, Jakarta Pusat, the SCBD area, South Jakarta. (source)
Divisions, a total of Rp 80 billion to improve the quality of core banking system began in June. The rest, to build about 23 new branches.The new office, among others, in Jakarta, Lampung, Palembang, Samarinda, Central Java, West Java and East Java. "Each new office spent approximately USD 3 billion," said Madi D. Blue, Director of QNB Kesawan yesterday.
Currently QNB Kesawan already operates services in 38 branches. Next year, management continued to expand the marketing network to have 200 branches by 2016. Previously, the new management moved the headquarters from Jalan Gajah Mada, Jakarta Pusat, the SCBD area, South Jakarta. (source)
Friday, June 01, 2012
INDONESIA - REGULATIONS - Indonesia Bank Ownership Plans Seen Hitting DBS Buy
www.thejakartaglobe.com -Indonesia’s central bank on Thursday
proposed capping single ownership in the country’s banks at 40 percent
for new investment, a rule that would scupper a $7.3 billion bid by
Singapore’s DBS Group Holdings for Bank Danamon.
Halim Alamsyah, the central bank deputy governor responsible for banking supervision, told analysts on a conference call that its proposal is for individuals or families to only own up to 30 percent of local lenders, while financial institutions would be able to own up to a maximum of 40 percent. (source)
Halim Alamsyah, the central bank deputy governor responsible for banking supervision, told analysts on a conference call that its proposal is for individuals or families to only own up to 30 percent of local lenders, while financial institutions would be able to own up to a maximum of 40 percent. (source)
Thursday, May 31, 2012
CHINA - BANKING - Alkhair International Islamic Bank eyes opportunities in Shanghai and Great Eastern Takaful looking Indonesia, Brunei, Singapore and China
www.cpifinancial.net - The bank’s Chairman, Datuk Kamaruddin Taib, revealed to Islamic Business & Finance that he will be flying to Shanghai tomorrow (1 June) to take a closer look at a prospect in China’s most populous city. (source)
INDONESIA - BANKING - QNB Kesawan credit card launched in December 2012
www.bisnis.com - JAKARTA: PT Bank QNB Kesawan Tbk optimistic to launch credit card services by the end of this year.
Director of QNB Bank Kesawan Madi D. Blue revealed the issuance of a credit card service is scheduled to hold a Visa.
"We are just waiting for approval from the BI. Expected to be rolled in December this year because it was included in the RBB in 2012. I'll probably hold a Visa or Mastercard, but it seems likely to Visa," he said, May 29, 2012. (source)
Director of QNB Bank Kesawan Madi D. Blue revealed the issuance of a credit card service is scheduled to hold a Visa.
"We are just waiting for approval from the BI. Expected to be rolled in December this year because it was included in the RBB in 2012. I'll probably hold a Visa or Mastercard, but it seems likely to Visa," he said, May 29, 2012. (source)
INDONESIA - BANKING - Maybank Islamic banking can spur national passion
www.bisnis.com - BANDUNG: The presence of the largest financial services group from Malaysia, Malayan Banking Berhad or Maybank, who is preparing to set up a home office base in Indonesia is believed to spur the development of Islamic banking passion grew more aggressive.
Chairman of the National Sharia Council (DSN) Maruf Amin said the planned opening of the office because Indonesia has an open market of Islamic banking.
"Indonesia has a Muslim population of the lot. It is a marketable, "he said in Bandung Islamic Finance events & Investment Summit (BIFIS), 2012, Tuesday (May 29). (source)
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