The proceeds from recovery bond issuance will be offered to corporations as ultra-low-rates loans.
OJK raised banks’ minimum core capital requirements to Rp 3 trillion while expanding the consolidation scheme.
Bank Artos posted a net loss of Rp 121 billion in the 2019 financial report.
Investors take the flight to safety by buying up the safe-haven US dollar.
OJK loosened up credit collectability for the MSME sector by allowing debtors to restructure credit.
The global spread Covid-19 will likely take a toll on banks' double-digit credit growth.
The banking sector saw a sluggish performance in 2019, as only the large banks in the BUKU IV category posted increased profits.
OJK plans to rearrange investment products sold through banks by sorting out which investment products allowed to be sold.
OJK will raise the minimum capital requirements for multifinance companies to Rp 250 billion from previously Rp 100 billion.
BTN's profit only reached Rp 209 billion last year, down more than 92 percent compared to the 2018 profit at Rp 2.81 trillion.