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Financial-Services-Authority

OJK sees insurance industry growing amid pandemic

Business 5 years ago

OJK sees insurance industry growing amid pandemic

Health insurance sales have increased because of rising awareness, which is reflected in the 17 percent year-on-year (yoy) growth in the first quarter of this year.

Thirteen companies, OJK official named suspects in Jiwasraya case

National 5 years ago

Thirteen companies, OJK official named suspects in Jiwasraya case

Thirteen asset management companies allegedly caused state losses amounting to Rp 12.35 trillion, 73.46 percent of the total Rp 16.81 trillion in state losses incurred by Jiwasraya’s investment mismanagement as audited by the Supreme Audit Agency (BPK) from 2008 to 2018.

Banks face uphill battle against pandemic following slow Q1 performance

Business 5 years ago

Banks face uphill battle against pandemic following slow Q1 performance

Moody’s Investors Service wrote in a research note that the country’s banks would see their asset quality and profitability deteriorate, but their capital and liquidity would remain strong.

Indonesian banks have sufficient liquidity despite loan restructuring, pandemic: Economists

Business 5 years ago

Indonesian banks have sufficient liquidity despite loan restructuring, pandemic: Economists

The OJK revealed on Monday that 88 banks had provided 3.88 million debtors with credit restructuring worth Rp 336.97 trillion (US$22.57 billion).

OCBC NISP slashes loan growth target as pandemic hits credit demand

Business 5 years ago

OCBC NISP slashes loan growth target as pandemic hits credit demand

Publicly listed Bank OCBC NISP has cut its loan disbursement target this year as the COVID-19 pandemic hits credit demand amid slowing business activity.

Ministry mulls providing companies soft loans to pay Idul Fitri bonus

Business 5 years ago

Ministry mulls providing companies soft loans to pay Idul Fitri bonus

The Industry Ministry is in discussion with the central bank and the Financial Services Authority over the matter.

Indonesia’s loan growth to slump to 4% amid pandemic: Economist

Business 5 years ago

Indonesia’s loan growth to slump to 4% amid pandemic: Economist

The country’s banking industry recorded 5.93 percent loan growth in February, the lowest expansion since November 2009.

KSP Indosurya 'beyond our authority', says OJK about cooperative in default

Business 5 years ago

KSP Indosurya 'beyond our authority', says OJK about cooperative in default

The Financial Services Authority (OJK) says the case of savings and loans cooperative KSP Indosurya, which has failed to repay customer funds, lies outside of its supervision.

Most banks have offered relief to clients affected by COVID-19: OJK

Business 5 years ago

Most banks have offered relief to clients affected by COVID-19: OJK

State-owned banks alone have offered their customers relief by restructuring debt totaling Rp 28.7 trillion (US$1.76 billion), the OJK says.

COVID-19 batters Indonesia’s loan growth to record low

Business 5 years ago

COVID-19 batters Indonesia’s loan growth to record low

The country’s banking industry recorded 5.93 percent loan growth in this year’s second month, the lowest expansion since November 2009.

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