Indonesia

Loans posted double digit growth at 15.5%.

Earnings were boosted by higher interest income and lower interest expense.

Strong loan growth and higher fee-based income buoyed earnings.

The app’s wide payment capabilities poses a risk to conventional banks.

The central bank earlier scrapped the 15% required downpayment for first-time home buyers.

Analysts believe banks should be willing to extend loan terms to support this development.

Lending will be led by big banks who can lure clients from smaller players.

The Indonesian rupiah has plunged to a three-year low.

When it comes to growth opportunities for digital payments, Indonesia is in a league of its own. The prospect of tens of millions of new digital payment customers is too much for digital companies and investors to ignore. The likes of SoftBank, Alibaba’s Ant Financial, and Chinese ride hailing giant Didi-Chuxing are injecting billions of dollars into companies with a chance of gaining a foothold in the market.

The purchase may need more foresight as the bank in question has high bad loan levels.

The Indonesian rupiah has plunged to a three-year low which might level strain on the banking system.

Fintech firms will be compelled to be registered with authorities.

Interest income, fee income, and loan recovery buoyed quarterly learnings.

The bank’s subsidiary will offer a more diversified portfolio to lure asset repatriation.

Almost half of adults now have a bank account, up from a fifth in 2011.

Potential savings between $217m to $363m could buoy the bank from a three-year decline.