Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Christina Desy
In preparation for the imminent ASEAN Economic Community (“AEC”), Indonesia is striving to ready all off of its business sectors, including the banking sector. As part of these efforts, there have been ongoing discussions on the necessary measures to prepare state-owned banks including consolidations.
The Financial Services Authority (OJK), as the primary regulator for microprudential oversight of Indonesian banks, has said that consolidation is necessary, as it will strengthen the position of national bank by the time full financial liberalization comes into effect in 2020.
Muliaman D. Hadad, Chairman of OJK’s Board of Commissioners, believes that the consolidation of state-owned banks consolidation will result in decreased interest rates and at the same time increase the competiveness of Indonesian banking sector in the new open market scheme. Noting that consolidation is time-consuming, and Mr. Hadad indicated that preparations started a while ago.
“At this stage, OJK is working on a more significant progress and trying to resolve challenges for upcoming actions,” Mr. Hadad said in Jakarta, last Monday.
Mr. Hadad’s view is shared by Budi Gunadi Sadikin, Director of Bank Mandiri, who agrees that consolidation is indeed an important move which requires sufficient time allocation.
“It may take three or four years of preparation,” Mr. Sadikin explained.
Mr. Sadikin does is not concerned about the issues of the form of any consolidation or which banks will be consolidated, as long as the process will not be conducted based on political considerations. As for the technicalities, Mr. Sadikin entirely trusts the relevant stakeholders to handle such matters, be it the regulator or the government.
Another view has also come from Toni A. Prasetiantono, an economist from Universitas Gadjah Mada. Despite the strong profitability of the Indonesian banking sector, Mr. Prasetiantono believes that Indonesia needs to anticipate non-domestic and global policies, such as the United States Federal Reserve’s tapering-off policy. He suggests a selective credit distribution as one possible solutions. To that extent, he added that any consolidation is best to start this year.
(hot/kc)
Fathan Qorib, Christina Desy
In preparation for the imminent ASEAN Economic Community (“AEC”), Indonesia is striving to ready all off of its business sectors, including the banking sector. As part of these efforts, there have been ongoing discussions on the necessary measures to prepare state-owned banks including consolidations.
The Financial Services Authority (OJK), as the primary regulator for microprudential oversight of Indonesian banks, has said that consolidation is necessary, as it will strengthen the position of national bank by the time full financial liberalization comes into effect in 2020.
Muliaman D. Hadad, Chairman of OJK’s Board of Commissioners, believes that the consolidation of state-owned banks consolidation will result in decreased interest rates and at the same time increase the competiveness of Indonesian banking sector in the new open market scheme. Noting that consolidation is time-consuming, and Mr. Hadad indicated that preparations started a while ago.
“At this stage, OJK is working on a more significant progress and trying to resolve challenges for upcoming actions,” Mr. Hadad said in Jakarta, last Monday.
Mr. Hadad’s view is shared by Budi Gunadi Sadikin, Director of Bank Mandiri, who agrees that consolidation is indeed an important move which requires sufficient time allocation.
“It may take three or four years of preparation,” Mr. Sadikin explained.
Mr. Sadikin does is not concerned about the issues of the form of any consolidation or which banks will be consolidated, as long as the process will not be conducted based on political considerations. As for the technicalities, Mr. Sadikin entirely trusts the relevant stakeholders to handle such matters, be it the regulator or the government.
Another view has also come from Toni A. Prasetiantono, an economist from Universitas Gadjah Mada. Despite the strong profitability of the Indonesian banking sector, Mr. Prasetiantono believes that Indonesia needs to anticipate non-domestic and global policies, such as the United States Federal Reserve’s tapering-off policy. He suggests a selective credit distribution as one possible solutions. To that extent, he added that any consolidation is best to start this year.
(hot/kc)