Jakarta, Indonesia: Bank Indonesia (BI) will increase its Macroprudential Liquidity Incentive Policy (KLM) incentive for third-party funds (DPK) to 5% starting April 1, 2025. This measure is expected to increase banking liquidity, potentially adding over IDR 80 trillion to the system, bringing the total to IDR 375 trillion.
The policy aims to encourage bank lending to the real sector and sectors with high job creation potential. BI is coordinating with government ministries to focus on housing and agriculture, including downstreaming and food security.
Dublin, Ireland: AIB Group, Plc reported a rise in annual earnings. Pre-tax income for 2024 reached EUR 2.702 billion, up from EUR 2.394 billion the previous year. Net profit increased to EUR 2.354 billion, or 92.5 cents per share. The European Central Bank approved AIB's plan to repurchase EUR 1.2 billion of shares. A dividend of 36.984 cents per share will be paid on May 9. The bank anticipates net interest income exceeding EUR 3.6 billion for 2025.