The House of Representatives brought back the discourse of returning the authority to oversee the financial industry to Bank Indonesia and the Finance Ministry.
Bank Negara Indonesia posted a net profit of Rp 15.38 trillion or US$ 1.13 billion in 2019.
Bank Tabungan Negara is targeting nine to ten percent growth in lending this year.
Bangkok Bank Plc is committed to implementing a one-time payment to Bank Permata’s share.
Banks' minimum core capital will be increased to US$ 220 million.
Banks start to implement consumer credit disbursement through online platforms and joint financing.
The financial sector performance sees improvements this year, despite moderate credit growth in 2019 and global economic uncertainty concerns.
Digital-based lender Bank Royal is ready to offer higher interests for time deposits and savings compared to the common interests on the market.
The mandate for MTN issuance in early 2020 reached Rp 10.22 trillion or 25.12 percent of the total planned debt securities transaction.
Fitch Ratings gave a negative label on the outlook of the Indonesian banking sector.