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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.
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]
OJK may refer to: Estonian Safety Investigation Bureau (Estonian: Ohutusjuurdluse Keskus ) Financial Services Authority (Indonesia) (Indonesian: Otoritas Jasa Keuangan )
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.