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When the Agency was finally closed at the end of April 2004, [7] the head of Indonesia's Supreme Audit Agency, Billy Joedono was cautious about reaching conclusions about the performance of IBRA. Before submitting a report to the Indonesian Parliament, Billy Joedono noted that IBRA appeared to have done its job in restructuring the majority of ...
bank państwowy (a state bank) – established as a juridical person by a regulation of the Council of Ministers (in the interwar period, by the President of the Republic; dominant type of banks during the times of communism; nowadays, this status is restricted to national development banks; only one exists as of 1 December 2020; the Bank ...
Bank Indonesia; I. Financial Services Authority (Indonesia) Indonesian Bank Restructuring Agency This page was last edited on 31 July 2024, at 09:28 (UTC). Text ...
The agency was created in 2011 under the Law No. 21 of 2011 as an independent institution responsible for regulating and supervising Indonesia’s financial sector. [4] It was created to replace the financial oversight functions previously held by Bank Indonesia (BI) and the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK), ensuring a more integrated and comprehensive ...
Permata Bank (or Bank Permata) is a bank in Indonesia, headquartered in the capital city Jakarta. It has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20 January 2021.
Bank Pembangunan Indonesia (Bapindo), state-owned since establishment; Bank Rakyat Indonesia was known as 1845: "Purwokertoan Assistance and Savings Bank for Native Aristocrats" (Dutch: De Purwokertosche Hulp- en Spaarbank der Inlandsche Hoofden). 1934-42: "General Public Credit Bank" (Dutch: Algemene Volkskredietbank),
There are five "closely associated institutions" that each have a "distinct role" [4] and together form the World Bank—the IBRD, the International Development Association (IDA), the International Finance Corporation (IFC), that "invests in private firms and promotes entrepreneurship", [5] the Multilateral Investment Guarantee Agency (MIGA), that guarantees loans, and the International Centre ...
In January 1998, the government was forced to provide emergency liquidity assistance (BLBI), issue a blanket guarantee for bank deposits, and set up the Indonesian Bank Restructuring Agency to take over management of troubled banks to prevent the collapse of the financial system. Based on IMF recommendations, the government increased interest ...