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PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is the largest private bank in Indonesia with assets amounting to Rp 5.529,83 trillion (USD 308,5 billion) as of 2022. [ 2 ]
Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [ 4 ] For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation's national bank and is in charge in issuing Indonesian rupiah currency.
As of 31 December 2019, Maybank Indonesia maintained 374 branches including Sharia branches spread across Indonesia and one overseas branch (Mumbai, India), 21 Mobile Cash Vehicles and 1,571 ATMs including CDM (Cash Deposit Machines) connected with over 20,000 ATMs in ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS and connected to 3,500 Maybank ATMs in ...
The rupiah, which had strengthened to around Rp8,000, depreciated in the wake of the Jakarta riots of May 1998, and in particular the run on the Bank Central Asia, Indonesia's largest private bank, that ensued, causing the bank to be taken over by IBRA on 29 May. The SBI rate was increased to 70% in the wake of massive inflation.
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 ...
Indonesia Lawyers Club – A live, 3-hour talkshow at 20:00 WIB on Tuesdays, hosted by Karni Ilyas, based on the latest issues happening in Indonesia, with a congregation of lawyers and parliament members from Indonesia sharing their opinions and analysis.
The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute, [ 1 ] the exclusive right to authorise the issuance of euro banknotes .
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