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Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands. According to Nguyễn Đức Vinh, general director of VP Bank, after years of investing in the…
Standard Chartered acknowledged on Tuesday (Sep 27) it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The London-based, Asia-focused bank said in a statement that it had…
Bank Indonesia said many banks mainly branches of foreign banks have not complied with the call for setting aside at least 10 percent of their credits for micro, small and medium enterprises (SMEs) . Head of Bank Indonesias division for development of SMEs…
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