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View all search resultsA senior banking executive views lingering global economic challenges not as threats, but as opportunities for Indonesian investors to diversify their asset allocation, both internationally and domestically, amid the country’s expanding affluent population.
Standard Chartered Indonesia has extended its partnership with PT Mitra Bisnis Keluarga Ventura (MBK) through a new loan facility worth Rp 385 billion, which is set to support approximately 128,000 women across Indonesia.
Standard Chartered said $20 billion JETP funding “is nowhere near enough” to realize the archipelago’s energy transition programs but that amount served as a “catalyst” to attract more funding from the private sector further down the line.
Multinational banks are looking for “smarter” ways to serve Indonesia’s fast-growing consumer loan sector without high costs and risks, even as more and more local lenders join the digital banking bandwagon.
The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
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