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Economy 2 months ago
PREMIUM
Bank loan growth inches up, but not in consumer, MSME segments
Credit growth rose 7.74 percent year-on-year (yoy) to Rp 8.3 quadrillion (US$493 billion) in November, accelerating from growth of 7.36 percent yoy in October, according to the Financial Services Authority (OJK).
Economy 2 months ago
PREMIUM
OJK pushes for consolidation in market with ‘too many banks’
A consolidation push in the banking industry looks set to make small lenders targets of mergers and acquisitions as the Financial Services Authority (OJK) wants to eliminate the lowest core capital category, which currently dominates the industry.
Society 6 months ago
PREMIUM
Police arrest 15 in kidnapping and murder of BRI branch head
Police have released the identities of eight out of 15 individuals arrested in connection with the kidnapping and killing of a BRI branch manager, whose body was discovered on Aug. 21 in a rice field in Bekasi, West Java.
Economy 6 months ago
PREMIUM
Bank lending slows further on stricter standards, weak demand
Bank Indonesia (BI) has flagged declining loan growth in the country’s banking industry amid stricter lending standards and weak demand, emphasizing the need to boost credit disbursement to push national economic growth.
Opinion 7 months ago
PREMIUM
Analysis: PPATK unfreezes 31 million accounts, dormancy rule backlash
The Financial Transaction Reports and Analysis Center (PPATK) has officially reopened access to approximately 31 million bank accounts across 105 banks, following intense public backlash. These accounts had previously been frozen on the grounds of dormancy. According to the Financial Services Authority (OJK), 9,487 formal complaints regarding unprompted account freezes were received via its official platform, the APPK, as of July 14. Since this figure only includes submissions through one channel, the actual number of grievances reported directly to banks is likely much higher.
