Multiple Licensing Policy

OVERVIEW

The role of banks as an intermediary institution has become vital for today’s micro-small-medium business activities, even for the simplest economic activities, such as making deposits, transferring funds, or acquiring business loans.

Unfortunately, the 120 banks that fall under the category of conventional banks, sharia banks, and foreign bank’s branch offices[1], as well as the 4640 rural banks spread throughout the country[2] are not sufficient to meet the demand of the entire country’s financial needs.

One of many factors that contributes to the problem is Indonesia’s geographic terrain, where islands are surrounded by water, thus hindering small cities and secluded regions from advancing economically.