Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Mahinda Arkyasa
Although some economists asserted that it is better if Indonesian banks are owned by foreign parties, the banking industry hopes that the Government will revise banking policies and apply limitations on foreign ownership of Indonesian banks.
Under Government Regulation No. 29 of 1999 on Purchase of Commercial Bank Shares, foreign parties are allowed to own up to 99% of shares at an Indonesian bank. Even though Bank Indonesia Regulation No. 14/8/PBI/2012 on Commercial Bank Ownership stipulates several limitations, it is still possible for foreign parties to own 99% of shares. (For further discussion, see ILB No. 1960).
During 2013 Economic Outlook at the House of Representatives, Tuesday (22/1), Director of PT Bank Central Asia (BCA) Yahya Setiaatmaja, said to hukumonline that he urged the Financial Services Authority (OJK) to revise any policy related to foreign ownership of Indonesian banks.
He also stated that the Government should apply equal obligations for both domestic and foreign banks in the new draft bill on banking,
Commenting on the same issue, Harry Azhar Azis, Deputy Chairman of Commission XI of the House of Representatives, stated that the parliament has not reached a decision regarding whether to limit foreign ownership or not.
He informed hukumonline that the issue is currently being discussed by the House with every stakeholder and in coordination with OJK. Harry added that if the House decided to limit foreign ownership, the new draft bill must clearly stipulate how and to whom the limitation will apply.
If the bill is drafted and eventually becomes a law, the limitation should not be applied retroactively to foreign parties/banks that already have ownership of Indonesian banks prior to the bill’s issuance.
(jt/hot)
Fitri Novia Heriani, Mahinda Arkyasa
Although some economists asserted that it is better if Indonesian banks are owned by foreign parties, the banking industry hopes that the Government will revise banking policies and apply limitations on foreign ownership of Indonesian banks.
Under Government Regulation No. 29 of 1999 on Purchase of Commercial Bank Shares, foreign parties are allowed to own up to 99% of shares at an Indonesian bank. Even though Bank Indonesia Regulation No. 14/8/PBI/2012 on Commercial Bank Ownership stipulates several limitations, it is still possible for foreign parties to own 99% of shares. (For further discussion, see ILB No. 1960).
During 2013 Economic Outlook at the House of Representatives, Tuesday (22/1), Director of PT Bank Central Asia (BCA) Yahya Setiaatmaja, said to hukumonline that he urged the Financial Services Authority (OJK) to revise any policy related to foreign ownership of Indonesian banks.
He also stated that the Government should apply equal obligations for both domestic and foreign banks in the new draft bill on banking,
Commenting on the same issue, Harry Azhar Azis, Deputy Chairman of Commission XI of the House of Representatives, stated that the parliament has not reached a decision regarding whether to limit foreign ownership or not.
He informed hukumonline that the issue is currently being discussed by the House with every stakeholder and in coordination with OJK. Harry added that if the House decided to limit foreign ownership, the new draft bill must clearly stipulate how and to whom the limitation will apply.
If the bill is drafted and eventually becomes a law, the limitation should not be applied retroactively to foreign parties/banks that already have ownership of Indonesian banks prior to the bill’s issuance.
(jt/hot)