Indonesia

Two digital financial service leaders underscore collaboration over competition.

Pribadi returns to Citi after spending a decade with OCBC Indonesia.

UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.

Cost of capital rose 144 basis points in Q1.

Full integration is targeted for Q4 2024.

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Only a fraction of restructured loans will become bad loans, Fitch said.

But the number is lower than in Q4 2023 and will slow down further in Q2.

Whilst margins may rise in the short-term, margins could fall deeper in the long-term.

But point-of-sales terminal penetration remains low.

The partnership is live in Indonesia and Vietnam.

Until December 2023, the bank's application programming interface attracted 4,000 customers and generated transactions worth IDR 828 trillion in the past year.

The tech-based bank has assisted more than 10 million Indonesians through seamless integration into the digital ecosystem since 2021.

The strategy has successfully fostered transactions and built customer trust by 53.4% throughout 2023.

The regulations will raise compliance costs, but price caps will make it hard to offset them.

Indonesia’s sharia economy and finance maintained positive growth in 2023.