Bank Indonesia will reduce government securities (SBN) purchases to Rp 224 trillion next year, besides slashing liquidity injections to banks to spur credit disbursement.
The Financial Services Authority (OJK) will limit fintech funding from super lenders to encourage contributions from public or retail lenders.
Towards the end of the year, four banks planning to transform into digital ones are conducting rights issues. They are backed by strong shareholders, from PT Bank Rakyat Indonesia Tbk to Chairul Tanjung, Alibaba, and Anthony Salim.
PT Bank KB Bukopin Tbk announces the new management and board of commissioners at the extraordinary shareholders meeting on November 19. Eugene K. Galbraith will reportedly oversee the bank’s reform after the shareholder debacle some time ago.
The first Islamic bank in Indonesia, PT Bank Muamalat Indonesia Tbk, will carry out a rights issue of Rp 1.2 trillion and issue subordinated Sukuk worth Rp 2 trillion. The funds raised will be allocated to strengthen the bank's capital.
The Indonesian government has rescued the first Islamic bank in Indonesia, PT Bank Muamalat Indonesia, through the Hajj Fund Management Agency (BPKH). It has to inject Rp 3 trillion worth of capital into the bank despite completing it through grants.
Bank Indonesia reveals that new bank lending rates have started to drop. It shows that the economy is recovering, and corporations have started to expand their businesses.
Commodity Futures Trading Regulatory Agency’s Regulation No. 8/2021 is available for download at the end of this article.
The Asian Development Bank (ADB) and the World Bank are committed to no longer providing funding for smelter projects in Indonesia. Currently, there are 12 smelter projects that are experiencing funding problems.
Indonesia-based venture capital firm Alpha JWC Ventures raises US$433 million in a funding round involving several global investors, such as the International Finance Corporation (IFC) and Morgan Stanley Alternative Investment Partners.