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View all search resultsBank Indonesia to set ATM merger policy
Bank Indonesia (BI) said that it supported the central governmentâs plan to merge ATMs of state-owned banks
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Bank Indonesia (BI) said that it supported the central government's plan to merge ATMs of state-owned banks.
BI Deputy Governor Ronald Waas said the integration would help create efficiencies in the country's financial payment system.
'We are going to set the policy for state-owned banks that wish to integrate their ATM system,' Ronald said as quoted by kontan.co.id on Friday.
Previously State-Owned Enterprises Minister Rini Soemarno said she wanted state run lenders to merge their ATMs in an attempt to reduce the bank's operating costs.
The merger will later reduced the electricity costs, import costs of the ATMs and other costs related to the management of the machines.
Indonesia has four state lenders at present, namely PT Bank Negara Indonesia (BNI), PT Bank Republik Indonesia (BRI), PT Bank Tabungan Negara (BTN) and PT Bank Mandiri. (nfo)(++++)
