#Banking
Woori Bank uncovers US$78.5 million fraud at Indonesian subsidiary
South Korea’s Woori Bank, one of the country’s largest financial institutions, has disclosed a credit fraud scandal involving its Indonesian subsidiary, PT Bank Woori Saudara Indonesia (SDRA), which centers around a local medium-sized export company and involves a total credit value of US$78.5 million (Rp1.28 trillion).
Indonesian banks account for 12 percent of SE Asia’s coal financing: Report
Indonesian banks are responsible for 12 percent of all coal financing in Southeast Asia between 2016 and 2024, equivalent to US$3.96 billion, according to a new report by the Center for Energy, Ecology, and Development (CEED) and civil society partners.
Danantara-Crédit Agricole CIB partner to speed up sustainable investment in RI
Indonesia’s sovereign investment body, Daya Anagata Nusantara (Danantara), has set up collaboration with French investment bank Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) for the acceleration of investments across several key sectors in Indonesia, with a strong emphasis on renewable energy.
Bank DKI prepares for IPO amid financial growth, governance reforms
Jakarta-owned bank, PT Bank Pembangunan Daerah DKI Jakarta (Bank DKI), is preparing to go public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) upon securing approval from the Financial Services Authority (OJK) and the Jakarta Provincial Administration.
BNI posts 10.1 percent loan growth, net profit at Rp5.4 trillion in Q1 2025
PT Bank Negara Indonesia (BNI) booked strong financial performance in the first quarter of 2025, with loan disbursements growing by 10.1 percent year-on-year (yoy) to Rp765.47 trillion (US$45.5 billion) and third-party funds increasing by 5 percent yoy to Rp819.6 trillion.
BCA CEO stresses effects of global uncertainty, Trump's policy as Stocks corrected
President Director of PT Bank Central Asia (BCA) Jahja Setiaatmadja responded to the recent downward trend in banking sector stock prices, citing correction has not only been experienced by BCA shares, but also other large banks − both state-owned and private.
SMBC Indonesia announces new top level management, distributes dividends
PT Bank SMBC Indonesia (SMBC Indonesia), a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), has announced the new composition of the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) held on Tuesday, April 22, 2025.
Bank BJB names social media figures Mardigu and Helmy Yahya as commissioners
PT Bank Pembangunan Daerah Jawa Barat and Banten (Bank BJB) has appointed social media figures Mardigu Wowiek Prasantyo, alias Bossman Mardigu, and Helmy Yahya as commissioners at the bank’s 2024 Annual General Meeting of Shareholders (GMS) held at the Bank BJB Building in Bandung, West Java, on Wednesday, April 16, 2025.
Bank DBS boosts ESG financing, disburses over Rp2.4 T for sustainable projects
Bank DBS Indonesia has recorded funding related to ESG (environmental, social and governance) or Sustainable Business Activities (KKUB) of 14.8 percent throughout 2024 to early 2025.
BNI announces new figures in top leadership
The Annual General Meeting of Shareholders of State-owned PT Bank Negara Indonesia (BNI) on Wednesday, March 26, 2025 formally appointed Putrama Wahju Setyawan as the bank’s President Director and Alexandra Askandar as Deputy President Director.
Perry Warjiyo
Perry Warjiyo was born in 1959 in Sukoharjo. He is the current Governor of Bank Indonesia. During his early years, he studied in Public Elementary School (SDN) Gawok, Sukoharjo then continued to Public Junior High School (SMPN) Gatak, Sukoharjo, later continued to Public Senior High School (SMAN) 3 Surakarta. He studied S1 at the Faculty of Economics, Universitas Gadjah Mada (UGM) and graduated in 1982. He continued with Masters and PhDs in Monetary and International Economics from Iowa State University, United States in 1989 and 1991. In his youth, he claimed to be a child of poor farmers.
Banks asked to prioritize ESG investments for renewable energy financing
A government policy think tank has suggested that Indonesian banks should increase their investments in Environmental, Social, and Governance (ESG) sectors as a key entry point to accelerate the country’s renewable energy transition.