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View all search resultsbanking-industry
Economy 2 weeks ago
PREMIUM
Govt extends liquidity injection in bid to revive loan growth
The OJK as well as industry observers have welcomed the Finance Minister's move to extend the liquidity injection policy for another six months in a bid to generate higher loan growth, while suggesting that a subsequent extension could be on the books when the current period ends in March.
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 3 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.
Companies 7 months ago
PREMIUM
BCA reports 8% profit growth with loans up 13% yoy in first half
Bank Central Asia (BCA) posted a net profit of Rp 29 trillion (US$1.7 billion), up 8 percent year-on-year (yoy), in the first half of this year, in line with growing loan disbursement and funding, as well as rising transaction volume.
Opinion 9 months ago
PREMIUM
Analysis: Fraud cases at BPDs set major setback for the banking industry
A series of corruption and fraud cases have been uncovered at several regional development banks (BPDs), including Bank Jabar dan Banten (BJB), Bank DKI Jakarta, Bank Jatim and Bank Jateng. These cases involve practices such as side streaming, fictitious debtors, hidden debtors and document forgery, resulting in losses amounting to trillions of rupiah. The revelations have raised serious concerns about weak corporate governance in the BPD sector.
