#Banking
AGO names eight new suspects in Sritex bank loan corruption case
The Attorney General’s Office (AGO) has named eight new suspects in a corruption investigation involving the disbursement of bank loans from regional development banks − Bank Banten, Bank Jabar Banten (BJB), Bank Jateng, and Bank DKI Jakarta (now Bank Jakarta) − to textile manufacturer PT Sri Rejeki Isman (Sritex).
KDMP launch to boost BRI’s microfinance reach and stock prospect: Indo Premier
The launch of the Red-and-White Village Cooperative Program (KDMP) by the Indonesian government is expected to deliver a positive impact on the business outlook and stock performance of PT Bank Rakyat Indonesia (BRI).
House confirms Ricky Perdana Gozali as New BI Deputy Governor
The House of Representatives (DPR) has approved Ricky Perdana Gozali as Deputy Governor of the Indonesian Central Bank (BI) for the 2025–2030 term following a fit and proper test conducted by the House’s finance and monetary affairs Commission XI.
BEI seeks clarification from BRI after KPK raid over Rp2.1 T EDC procurement scandal
The Indonesia Stock Exchange (IDX) has requested explanation from PT Bank Rakyat Indonesia (BBRI) following a raid by the Corruption Eradication Commission (KPK) on two of its offices.
Bank DKI rebranded as Bank Jakarta to mark strategic transformation
Bank DKI has officially rebranded itself as Bank Jakarta, unveiling a new name and logo as part of a broader strategic transformation aimed at building a stronger, more adaptive, and professional institution.
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.