Shares of Bank Rakyat Indonesia (BRI), one of the leading commercial banks in Indonesia, have fallen around 21 percent so far in 2018. Considering the recent capital outflows from Indonesia amid the high degree of uncertainty in global financial markets, it makes sense that shares of BRI are hit hard. After all, it is one of the blue chip stocks that is likened by foreign investors. However, a rumor - that says BRI wants to acquire a stake in Bank Muamalat Indonesia - may add pressures on BRI shares.

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Bank BRIsyariah made its trading debut on the Indonesia Stock Exchange (IDX) today, hence becoming the 11th company to have completed its initial public offering (IPO) in Indonesia so far in 2018. It is the first Islamic finance unit of a state-controlled entity (Bank Rakyat Indonesia) to have listed on the IDX. Charles Bowman, Lord Mayor of the City of London, was present at the listing ceremony at the IDX building on Wednesday morning (09/05).

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Consumer credit has been the driver for credit growth in Indonesia's banking sector in the first two months of 2018. Within consumer credit it are the multipurpose and motor vehicles segments that show good growth. Based on data from Indonesia's central bank (Bank Indonesia) consumer credit grew 11.1 percent year-on-year (y/y) to IDR 1,392.4 trillion (approx. USD $101.6 billion) in February 2018, accelerating from a 10.4 percent (y/y) growth pace in the preceding month.

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Bank Rakyat Indonesia, one of the leading commercial banks in Indonesia and among the largest listed companies in terms of market capitalization on the Indonesia Stock Exchange, posted solid corporate earnings over full-year 2017. The financial institution's net profit and net interest income both climbed by double-digit figures.

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Indonesian financial institution Bank Rakyat Indonesia (BRI) targets to see double-digit profit growth in 2018 supported by rising credit growth. Suprajarto, President Director of BRI, said rising revenue and the implementation of efficiency measures will boost the bank's performance in 2018. Moreover, Indonesia's banking sector is currently "hot", reflected by surging shares of the big listed Indonesian banks on the Indonesia Stock Exchange.

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One of Indonesia's leading banks, Bank Rakyat Indonesia, is planning to conduct a 1:5 stock split in order to make its stocks more affordable and increase their liquidity. At the general shareholders meeting, to be held on 18 October 2017, the plan is expected to be approved by the company's shareholders.

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Haru Koesmahargyo, Finance Director of Bank Rakyat Indonesia (BRI), said the company's new branch office in East Timor (Timor Leste), which was opened several months ago, already managed to open about 20,000 new accounts for local clients. Considering the limited time-span and the limited local population in the region, these results are very positive. Also in terms of transactions the East Timor branch shows good growth.

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Bank Rakyat Indonesia (BRI), one of Indonesia's largest financial institutions, will accelerate the migration of its ATM network and operating units to BRIsat, the company's satellite that was launched on 20 June 2016. Indra Utoyo, Director of Digital Banking and Technology at BRI, said many - but not all - of the bank's ATMs and operating units have already been migrated to BRIsat.

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The non-performing loan (NPL) ratio in Indonesia's banking sector improved slightly in June 2017. Mirza Adityaswara, Senior Deputy Governor at Indonesia's central bank (Bank Indonesia), said the gross NPL ratio was 2.97 percent in June, down from 3.09 percent in the preceding month. Despite the overall still relatively high NPL ratio in the banking sector, Adityaswara believes Indonesian banks still have room for credit expansion.

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BRI Syariah, the Islamic banking unit of leading Indonesian commercial bank Bank Rakyat Indonesia (BRI), is currently assessing the prospects of conducting an initial public offering (IPO) on the Indonesia Stock Exchange. Indri Tri Handayani, Corporate Secretary at BRI Syariah, will invite several supporting institutions active within capital markets to advise on this IPO plan, including the administrative matters. If BRI Syariah will indeed go-ahead with the IPO, then it will not be realized sooner than early 2018.

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If you move to Indonesia for a longer period – either for work or just for living – you will most likely want (or need) to open a bank account at a local bank (or a foreign bank that has a branch in Indonesia). After all, if you continue to use a foreign bank account, then it will involve relatively high bank charges each time you withdraw money from the automated teller machine (ATM) in Indonesia, or when you conduct an international transaction (online banking).

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Bank Rakyat Indonesia (BRI), one of the leading commercial banks in Indonesia, is expected to see rising corporate earnings in the years ahead supported by the disbursement of micro-loans. RHB OSK Securities says BRI, listed on the Indonesia Stock Exchange yet state-controlled, is one of the most interesting banks as it has a strong micro-loans business model, a business model that cannot be easily copied by the nation's other commercial banks.

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The Gods seemed not in favor of the BRIsat, the satellite of Indonesia's second-largest bank by assets Bank Rakyat Indonesia (BRI). The BRIsat was originally scheduled to be launched on 9 June 2016 (Indonesian timezone). However, due to technical problems and bad weather the launch had to be postponed three times. Finally, on early Sunday (20/06) the satellite was launched by Arianespace from the Guiana Space Center, Europe's Spaceport in Kourou (French Guiana), hence ushering in a new era for Indonesia's digital banking industry.

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Indonesian stocks plunged considerably on Thursday (02/10). The country’s benchmark stock index (Jakarta Composite Index, abbreviated IHSG) declined 2.73 percent to 5,000.81 points, the largest drop in almost six months. This poor performance was caused by both external and internal factors. Externally, various weak economic data from the USA and Europe as well as an appreciating yen impacted negatively on Asian stock indices. Internally, market participants responded negatively toward the inauguration of the new parliament.

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Indonesian commercial banks have shown good performance in recent years as economic growth of over six percent fuels loan demand from the people and businesses. Domestic consumption and investment are the two main drivers of the country's gross domestic product (GDP) growth. Together, these two components account for almost 90 percent of GDP. As such, lenders are in a comfortable position.

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