Showing posts with label kalimantan. Show all posts
Showing posts with label kalimantan. Show all posts

Tuesday, April 10, 2012

INDONESIA - BANKING - Expansion to the East Kalimantan Muamalat

www.bisnis.com - BALIKPAPAN: PT Bank Muamalat Indonesia Tbk plans to increase the branch network in Kalimantan Area as much as 11 offices in order to realize the target of raising funds from third parties are set to grow 63% from Rp1, 130 trillion at end December 2011 to Rp1, 8 trillion at the end of 2012.
 
Agus Darmawan, Muamalat Kalimantan Area Manager, said the addition of this office because of customer funds still control about 63% of Bank Muamalat union deposits. "Mainly for demand deposits and savings products," he told a news conference today. (source)

Saturday, November 26, 2011

INDONESIA - FINANCE - Indonesia Nets ADB Loan for Roads In Kalimantan and Southern Java - IDB co-financier

The Asian Development Bank approved on Friday a 25-year, $180 million loan for Indonesia to help it improve a 470-kilometer-long road in northern Kalimantan and parts of the busy road network in southern Java.

ADB said the Islamic Development Bank would provide the equivalent of $65 million in co-financing for the project, and the Indonesian government would contribute $135.5 million. Work is expected to be completed by February 2016.  (source)