Indonesian banks boosting small-business loans

JAKARTA/BANGKOK — Banks in Indonesia are boosting lending to operators of small and midsize companies, who have traditionally relied on family and friends for loans, as demand for credit grows. Loans to such businesses in the Southeast Asian country increased to about 740 trillion rupiah ($55.8 billion), or roughly 20% of total bank lending, at […]

Analysis: Challenges for Indonesian banking industry in 2016

Toward the end of 2015, there were some signs of an improving performance in the Indonesian economy in general and the banking industry in particular.  Economic growth improved to 4.73 percent in the third quarter of 2015, from 4.67 percent in the previous quarter. Moreover, loan growth in the banking industry improved for two straight […]

Indonesia Needs More Taxpayers

  With some 255 million people and 17,000 islands, Indonesia is big in many ways except one: its tax base. Only 27 million citizens are registered taxpayers, and in 2014 less than a million of them paid what they owed. For Indonesia to live up to its potential, that number has to increase. Indonesia has missed its […]

OJK starts listing ’important’ banks

Jakarta, 02 January 2016 OJK starts listing ’important’  banks   The Financial Services Authority (OJK) has postponed the completion of a list of the country’s major banks pending the endorsement of a financial system bill by the House of Representatives sometime in early 2016. The financial authority is preparing the list of the banks, known […]

Weak rupiah helps push down RI’s liabilities

Jakarta, 31 December 2015 Weak rupiah helps push  down RI’s liabilities The sharp drop in the rupiah against the US dollar during the third quarter this year caused a decline in Indonesia’s net foreign financial liabilities from the previous quarter, the latest report from Bank Indonesia (BI) has shown. According to the International Investment Position […]

Banking industry battered inside out in 2015

Jakarta, 31 Desember 2015 Banking industry battered  inside out in 2015 The banking industry has experienced the downside effects of numerous challenges in the global and domestic economy this year after enjoying significant growth in previous years. Domestic banks, which enjoyed more than 20 percent loan growth for years, were forced to lower their targets […]