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Jakarta Post
The Jakarta Post
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House proposes new limits to foreign bank ownership

  • The Jakarta Post

Jakarta | Thu, February 7 2013 | 09:19 am

PREMIUM Taking another shot to prevent the dominance of overseas-based lenders, some members of the House of Representatives have called for a further limitation of foreign ownership of the country’s banks.

Lawmakers from Commission XI overseeing finance and banking said they plan to revise a clause in the banking law that allows foreign investors to own up to 99 percent of the shares in Indones...