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Financial Services Report Indonesia 3rd Quarter Product Image

Financial Services Report Indonesia 3rd Quarter

  • Published: July 2013
  • Region: Indonesia
  • 22 Pages
  • The Economist Intelligence Unit

Indonesia's financial assets are relatively small, at the equivalent of just 109% of GDP in 2012, but the country's banks are healthy and will look to expand in the forecast period.

The government has a large presence in the banking sector-a legacy of the bail-outs and takeovers required in the wake of the 1997-98 Asian financial crisis. It will continue its efforts in the next five years to return banks to private ownership.

Foreign banks will attempt to increase their involvement in the Indonesian banking sector, and overseas securities and insurance companies will become more prominent in the market. However, current liberal ownership rules are in the process of being tightened. In mid-2012 Bank Indonesia (BI, the central bank) issued a regulation that limits ownership of a local bank by a single shareholder to 40%. But BI said that it would grant exceptions to the rule, which applies to both local and foreign shareholders, in the event that the owners are well-capitalised financial institutions.

Industry List: Asset management, Financial Services, Banking, Financial Services, Financial markets and instruments, Financial Services, Financial regulation, Financial Services, Financial Services, Financial Services, Insurance
Industry Codes (NAIC): 52
Industry Codes (SIC): 60

Financial Services Report Indonesia 3rd Quarter

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

Indonesia at a glance

Fundamental indicators

Key contacts

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