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M&C Saatchi Indonesia wins PermataBank's Integrated Communications business


August 4 2021, 8:53 am | BY Kim Shaw | No Comments
M&C Saatchi Indonesia has won the PermataBank account in a multi-agency pitch that saw five agencies participate. Narrada Communications was the incumbent. The scope of services includes ATL, BTL and Digital.
 
In 2004, Standard Chartered Bank and PT Astra International Tbk took over PermataBank and started a massive transformation process within the organization. In 2020, PermataBank made history when Bangkok Bank (Bangkok Bank Public Company Limited) acquired it and became the controlling shareholder.
PermataBank is among the top-10 banks in Indonesia, by assets managed, and listed in the Indonesian Stock Exchange. The bank is available in 62 cities across Indonesia, with 294 branches, 4 Mobile Branches, 22 on-stop services for Sharia Banking and a singular Voice ID Caller that serves customers across the country. ....

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Fitch Assigns Minor International's USD Guaranteed Securities Final 'BBB'


Fitch Ratings has assigned Minor International Public Company Limited s (MINT) US dollar guaranteed senior perpetual capital securities a final rating of BBB .
The final rating reflects the credit enhancement provided to investors by the unconditional and irrevocable guarantee from Thailand-based Bangkok Bank Public Company Limited (BBL, BBB/Stable) acting through its Singapore branch.
The final rating is in line with the expected rating assigned on 8 July 2021 and follows the receipt of final documents conforming to information already received with the final maximum guaranteed amount, which is 115% of principal, deemed sufficient to cover the principal, and potential accrued and deferred interest, and interest on the deferred interest of the notes that can be accumulated during the first five-year period until the effective maturity date in 2026. ....

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Islamic Finance After COVID-19 | Global Finance Magazine


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Islamic finance took a hit in 2020 but is preparing for the next surge of growth through innovation, standardization, and M&A activity.
December 28, 2020
The Islamic finance industry slowed down significantly in 2020 after experiencing a very strong 13% growth rate in 2019. Islamic financial institutions spent most of the year coping with the dual shocks of adjusting to the COVID-19 pandemic and historically low oil prices. According to the latest
State of Global Islamic Economy report, total Islamic finance assets stood at $2.88 trillion by the end of 2020, matching last year s figures.
Fortunately there is light at the end of the tunnel. Growth is expected to bounce back and total ....

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