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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 ...
In addition, some regional banks have subsidiaries in forms of BPRs (Bank Perkreditan Rakyat, or People's Credit Banks) which are usually owned and operated by governments of regencies or cities, acting as municipally owned corporations.
PT Bank Rakyat Indonesia (Persero) Tbk (lit. "Indonesian People's Bank"), commonly known as Bank BRI or just BRI, is one of the largest banks in Indonesia. [5] It specialises in small scale and microfinance [6] style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts.
OJK may refer to: Estonian Safety Investigation Bureau (Estonian: Ohutusjuurdluse Keskus ) Financial Services Authority (Indonesia) (Indonesian: Otoritas Jasa Keuangan )
The company was established by Regional Law Number 3 of 1964. [7] [8] As of 2018, 37% of the bank shares are owned by East Kalimantan provincial government, while the rest is distributed to government of regencies and cities in East and North Kalimantan province. [1]
Business Process Re-engineering (BPR/BPRE) in a succinct way. Business process re-engineering (BPR) is a business management strategy originally pioneered in the early 1990s, focusing on the analysis and design of workflows and business processes within an organization.