Banking assets in Indonesia will grow by 9.01% by June 2024.

The Financial Services Authority (OJK) reports that national banking assets reached Rp12,048.21 trillion in the first half of 2024, representing a 9.01% growth compared to the previous year. However, the assets of mini banks in the Bank Group based on Tier 1 Capital (KBMI 1) contracted by 3.5% to IDR 1,394.03 trillion in June 2024. This makes the assets of mini banks the smallest among the others, comprising 11.57% of the total national banking assets. Conversely, banks in KBMI 2 demonstrated the most rapid asset growth, with an increase of 22.9% to reach IDR 1,672.02 trillion in June 2024. KBMI 2 banks held a 13.88% share of the country's total banking assets. Medium-sized banks (KBMI 3) ranked second in terms of core capital group, with assets totalling IDR 2,971.08 trillion, reflecting a growth of 9.25% compared to June 2023. KBMI 3 comprised 24.66% of the total banking assets.

https://finansial.bisnis.com/read/20240901/90/1795934/aset-perbankan-ri-tumbuh-901-per-juni-2024-bank-mini-amblas
 

Iraq Oil and Gas Expansion Plan

Iraq is offering 10 gas exploration blocks to US companies as part of its strategy to attract investment into the energy sector. The objective is to boost domestic gas production and enhance the country's energy infrastructure. The announcement was made during Petroleum Minister Hayan Abdel-Ghani's visit to the United States. The bidding process for the gas blocks is scheduled to commence shortly. Furthermore, Iraq plans to launch a new gas investment project at the Al-Faihaa oil field in southern Iraq by the end of the year. This project has a capacity of 125 million standard cubic feet and is a crucial part of Iraq's efforts to enhance its energy infrastructure. The initiative is in line with Iraq's goal to boost its crude oil and gas production to supply power plants, reducing its dependence on Iranian gas imports.

https://internasional.kontan.co.id/news/rencana-ekspansi-migas-irak