The COVID-19 hit BRI the hardest by suppressing the growth of micro, small, and medium enterprises (MSMEs) dominating its loan portfolio.

The ratio of non-performing financing (NPF) in the multi-finance industry reached 5.1 percent as of June 2020, the highest in the last five years.

Bank Yudha Bhakti became a new player in the digital bank and changed its name to Bank Neo Commerce. It is aiming at millennials as its customer.

OJK will issue new rules governing the investment portfolio in the insurance industry, specifically for investment-linked insurance products (Paydi).

A total of 15 banks will get guarantees when distributing working capital loans to MSMEs and corporations.

Seven regional banks received government funding with a total value of Rp 11.5 trillion.

KUR distribution is open to all sectors until the end of 2021.

The placement of funds in regional development banks is expected to encourage economic turnaround.

LPS liquidity is sufficient to support banks that are currently under special supervision.

The BI Rate cut can reduce Bank Indonesia’s burden in the burden-sharing scheme.