The government estimates that the funding needed to achieve the target of reducing greenhouse gas emissions is in the thousands of trillions in IDR, and billions in US$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,
OJK is drafting regulations that will limit institutional lenders from funding fintech peer-to-peer lenders. OJK’s new regulation involves setting distinct criteria for institutional lenders, specifically for overseas capital. For local capital, a bank is able to fund up to 25%
As of Q3 2021, third party funds (DPK) in the banking industry continue to grow, albeit at a lower growth rate compared to previous months. On the other hand, credit disbursements continued to grow in the same period. Meanwhile, the
OJK noted that the total disbursement of loans restructured by banks in July 2021, showed a drop to US$ 54.6 billion (IDR 778.9 trillion). However, they highlighted the risk of non-performing loans (NPLs) in the banking sector. The July NPL
The Financial Services Authority (OJK) reported that the realization of bank credit in July slowed down, despite its 0.5% year-on-year growth. OJK chairman, Wimboh Santoso, mentioned that the private commercial banks’ lending is contracting at 2.62% year-on-year, and 4.5% year-to-date.
Amid the pandemic, there has been a huge uptake in digital commerce, including the Paylater (BNPL) payment schemes offered by technology companies. Banks have taken various measures to remain competitive. Bank CIMB Niaga is currently developing in-house BNPL service, while
The Financial Services Authority (OJK) has extended credit restructuring until 2023 as banks are showing signs of solid risk management. Credit restructuring has declined and bank reserves have increased. OJK reported a total of USD 54.5 billion (IDR 778 trillion)
The Financial Services Authority (OJK) has extended the grace period for banks’ credit restructuring by an additional year to March 31, 2023. Chairman of the OJK Board of Commissioners, Wimboh Santoso, explained that this was to accelerate national economic recovery.
Bank OCBC NISP is the first bank in Indonesia to receive a green bond from IFC, valued at US$190 million (IDR 2.75 trillion). President Director, Parawati Surjaudaja, shared that the funds would be used to increase lending to women-owned SMEs.
Indonesian Financial Group (IFG) and PT Bank Tabungan Negara (BTN) are collaborating to optimise the digital banking ecosystem for customers. There are synergies between IFG and BTN that can provide consolidation, restructuring, transformation and business innovation services for the Ministry
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