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BI dismisses three officials appointed commissioners of state banks
Experts warned appointments could blur the line between BI’s role as a monetary regulator and its involvement in the banking industry, potentially undermining its independence.
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Metallic plating that reads 'Bank Indonesia' is seen on July 17, 2024, on one of the buildings of the central bank's headquarters complex. (JP/Deni Ghifari)
B
ank Indonesia (BI) has dismissed three senior officials who were appointed commissioners at three separate state-owned banks this week.
The central bank announced the decision after a board of governors’ meeting on Thursday.
The appointments were confirmed at the banks' annual general meetings this week.
BI monetary management department head Edi Susianto was named independent commissioner of state-owned lender Bank Rakyat Indonesia (BRI) on Monday.
Donny Hutabarat, BI’s financial market development department head, was appointed as a commissioner at state-owned lender Bank Negara Indonesia (BNI) at the bank’s annual general meeting on Wednesday.
Ida Nuryanti, BI human resources department head, was named an independent commissioner at state-owned mortgage lender Bank Tabungan Negara (BTN) during its annual general meeting on the same day.
Bhima Yudhistira, executive director of the Center of Economic and Law Studies (CELIOS), hailed the dismissal, saying BI was well aware that overlapping positions at state-run lenders could harm market trust in the central bank and perceptions of its independence.
