Finance
Finance

BI to Issue Digital Currency

Bank Indonesia plans to create a digital currency to compete with the increasingly popular Bitcoin and other cryptocurrencies.

OJK Steps Into Digital Banking Ecosystem

The Financial Services Authority (OJK) will release the OJK Regulation on digital banks before the middle of this year. These banks are required to have a minimum capital of Rp 10 trillion.

Banks Braces for Non-Performing Loan Surge

PT Bank Mandiri Tbk (BMRI) estimates that 10 percent of debtors in the high-risk category cannot pay their loans due to the COVID-19 pandemic. Other banks may also face similar non-performing loans (NPL).

Who Is Responsible for Hospital Claim Mess?

Private hospitals complain about the late cost reimbursement for COVID-19 patients due to the slow verification process and increasingly costly treatments.

Dissecting Small Banks’ Strategies to Meet Capital Limit

Several small banks are trying to raise additional capital to meet the minimum requirement of Rp 2 trillion by the end of 2021, from conducting the initial public offering (IPO) to attracting strategic investors.