Credit Growth Will Recover in 2020: OJK

... plan (RBB). In 2019, banking credit growth was dominated by ... the 2020 Financial Services Industry Annual Meeting in Jakarta ... The government and Bank Indonesia (BI), the central bank, have projected an ... we are optimistic the banking sector will remain stable ...

BCA Completes $70m Bank Royal Acquisition

... acquisition of small-sized lender Bank Royal Indonesia last week after securing ... behind state-owned rivals Bank Rakyat Indonesia and Bank Mandiri. "The decision to ... BCA's wide-ranging banking solutions. Indonesia's banking industry is often considered the ...

Bankers Buoyant That Tax, Interest Rate Cuts Will Rejuvenate Indonesia's Manufacturing Sector

... power boost and incentive packages. Bank Indonesia cut its benchmark interest rate ... positive investor perception of Indonesia's economic prospects," Bank Indonesia Deputy Governor Dody ... . With lower interest rates, the banking industry will try to reduce the ...

Supreme Court Justice Who Acquitted BLBI Convict Syafruddin Found Guilty of Misconduct

... former head of the Indonesian Bank Restructuring Agency, or IBRA, ... .A.T., at Plaza Indonesia at 5.38 p.m ... crisis brought the country's banking industry to the brink of collapse ... massive bailout scheme, known as Bank Indonesia Liquidity Support (BLBI). The ...

Bank Indonesia Launches QR Code Standard

Jakarta. Bank Indonesia launched a standard for ... , electronic wallets and mobile banking services to use the same ... can encourage economic growth," Bank Indonesia said in a statement on ... The digital payment industry is growing fast in Indonesia, with the likes ...

The New World of Virtual Banks: Profitable Growth Will Define Success

... the overall service experience. Virtual Banking in Indonesia Last year, the country ... Jenius, Indonesia's first digital bank, and introduced a mobile banking application to ... innovative products through various cross-industry partnerships. The ability to tie ...

Indonesia's Largest Bank Eyes Fresh Fintech Acquisition

... to penetrate not only the banking, securities and insurance sectors ... owner," he said. Indonesia's fintech industry has blossomed in ... each year to Bank Indonesia, the central bank. Sunarso said BRI ... and small-sized lender Bank Rakyat Indonesia Agroniaga. It also ...

Can Indonesia Leverage a 'Golden Moment' in Its Economy?

... Affairs, Sumit Dutta, President Director Bank HSBC Indonesia; Joseph Incalcaterra, Chief Economist ... Tait, Regional Head of Commercial Banking, HSBC Asia Pacific. (Photo courtesy ... Indonesian Chamber of Commerce and Industry (Kadin), who also attended the ...

Rabobank to Shut Its Indonesian Operations by Mid-2020

... nearly three decades in Indonesia, Dutch banking giant Rabobank Group has ... the bank's branches in the country, Rabobank International Indonesia president ... Indonesian economy or its banking industry. Rabobank International Indonesia is actively working with ...

Sinar Mas and Oriente Target Indonesia's the Great Unbanked With New Fintech Platform Finmas

... to loan demand from Indonesia's large unbanked population. ... were also representatives from Indonesia's financial technology association ... bank accounts or have zero access to banking services. Industry ... trouble," Prentice joked. Indonesia has already seen an ...