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Jakarta Post
The Jakarta Post
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banking-industry

Forced bank mergers last resort in safeguarding Indonesia’s financial sector: OJK
Business 9 months ago

Forced bank mergers last resort in safeguarding Indonesia’s financial sector: OJK

Failure to follow the instruction of the OJK by a corporation could lead to imprisonment and a fine ...
COVID-19 batters Indonesia’s loan growth to record low
Business 9 months 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 m...
OJK relaxes debt payment, loan quality assessments amid COVID-19 pandemic
Business 9 months ago

OJK relaxes debt payment, loan quality assessments amid COVID-19 pandemic

Rule is expected to reduce COVID-19's economic impact on banks. 
BTN to pay Rp 20.9 billion in dividends despite profit plunge
Business 10 months ago

BTN to pay Rp 20.9 billion in dividends despite profit plunge

Last year, BTN’s profits plummeted by 92.5 percent to around 209.26 billion from Rp 2.8 trilli...
Moral suasion: Authorities urge banks to cut lending rates to boost virus-battered economy
Business 10 months ago

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Moral suasion: Authorities urge banks to cut lending rates to boost virus-battered economy

Airlangga projected the country’s economy to expand even slower at 4.7 percent in the first qu...
Bangkok Bank to acquire another Indonesian bank after Permata deal: OJK
Business 10 months ago

Bangkok Bank to acquire another Indonesian bank after Permata deal: OJK

Thailand-based Bangkok Bank is planning to acquire another Indonesian bank after closing a deal to p...
BI cuts reserve ratio, frees up $3.2b liquidity in local banks amid market sell-off
Business 10 months ago

BI cuts reserve ratio, frees up $3.2b liquidity in local banks amid market sell-off

Starting March 16, the requirement for banks to store their dollar funds at BI, called the US$ reser...
UK digital bank serves clients shunned by big lenders
Business 10 months ago

UK digital bank serves clients shunned by big lenders

In the nation's booming financial technology or fintech sector, mobile phone app-based "neo...
HSBC announces job cuts and radical overhaul as profits slide
Business 11 months ago

HSBC announces job cuts and radical overhaul as profits slide

HSBC said it was targeting US$4.5 billion in cost cuts by 2022, with restructuring costs of around $...
BTN profits drop more than 90% in 2019 as bad loans, costs rise
Business 11 months ago

BTN profits drop more than 90% in 2019 as bad loans, costs rise

Publicly listed state lender Bank Tabungan Negara's profits plummeted by more than 90 percent la...
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