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Regional Development Banks (Indonesian: Bank Pembangunan Daerah, or BPD) are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the province that private banks would not risk giving, as well as giving basic financial services ...
KB Bank Bank Mega Syariah: 14 July 1990 Bank Mega Foreign exchange bank Bank Muamalat Indonesia: 1 November 1991 Hajj Fund Management Agency Bank Nano Syariah: 2 January 2024 Bank Sinarmas: Non-foreign exchange bank Panin Dubai Syariah Bank: 8 January 1972 [10] Panin Bank and Dubai Islamic Bank: Foreign exchange bank Bank Victoria Syariah: 15 ...
Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.
As a measure to cope with the scarcity of liquidity in the nation's banking system, in late 1997 and early 1998 the central bank (Bank Indonesia), as a lender of the last resort, provided liquidity assistance loans to banks. In addition, the Government instituted a blanket guarantee program for all bank liabilities, to arrest further erosion of ...
PT Bank Pembangunan Daerah Kalimantan Timur dan Kalimantan Utara (lit. ' Regional Development Bank of East Kalimantan and North Kalimantan ' ), doing business as Bankaltimtara , is an Indonesian regional development bank serving East Kalimantan and North Kalimantan .
In Aceh, they are known as qanun (from an Arabic word meaning "law" or "rules") while Papua uses the name "special regional regulation" (Indonesian: peraturan daerah khusus or perdasus). [8] [9] Additionally, in Aceh qanuns are also used to enact provisions of Islamic criminal law. [10]
PT Bank Maybank Indonesia Tbk, (formerly Bank Internasional Indonesia) is a private bank in Indonesia. It is a part of Maybank , one of the largest financial services groups in ASEAN . History
Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore. [9] In 1965, it became a single-tier bank (even Bank Indonesia was absorbed); BNI was the bank that granted the first foreign bank licenses during the transition to the New Order, shortly before the reestablishment of Bank Indonesia that same year.