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Financial Services Report Indonesia 3rd Quarter Product Image

Financial Services Report Indonesia 3rd Quarter

  • ID: 2196314
  • September 2014
  • Region: Indonesia
  • 22 Pages
  • The Economist Intelligence Unit

Indonesia's financial assets are relatively small, at the equivalent of an estimated 111% of GDP in 2013, 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 to return banks to private ownership.

Foreign banks are expected to expand their involvement in Indonesia, despite tighter restrictions on the ownership of local lenders. In mid-2012 Bank Indonesia (BI, the central bank) issued a regulation limiting ownership of a local bank by a single non-bank shareholder (local or foreign) to 40%. Although shareholdings owned by banks (as opposed to non-banks) may exceed 40% subject to approval from BI, a lengthy waiting period applies-a minimum of five years from the date of approval.

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

Note: Product cover images may vary from those shown

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