Berlangganan Pro

Kamis, Agustus 29, 2024 | Issue Number : 4949

Nowhere to Hide: Heightened Transparency Policy for Conventional Banks Prime Lending Rate Information

ID Indonesian translation

In order to further strengthen the transparency of conventional banks’ (“Banks”) credit rate, as mandated under Law No. 7 of 1992 on Banking and its Amendments, the Financial Service Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 13 of 2024 on the Transparency and Publication of Prime Lending Rates (Suku Bunga Dasar Kredit – “SBDK”) by Conventional Banks (“Regulation 13/2024”), which came into force on 12 August 2024.[1]

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In order to further strengthen the transparency of conventional banks’ (“Banks”) credit rate, as mandated under Law No. 7 of 1992 on Banking and its Amendments, the Financial Service Authority (Otoritas Jasa Keuangan – “OJK”) has issued Regulation No. 13 of 2024 on the Transparency and Publication of Prime Lending Rates (Suku Bunga Dasar Kredit – “SBDK”) by Conventional Banks (“Regulation 13/2024”), which came into force on 12 August 2024.[1]

......

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