Skip to content
Subscriber Only

Indonesia to Relax Bank Merger Rule in Push for Efficiency

  • Regulator set to revise ‘single presence’ policy this year
  • Foreign, local banks to be treated alike under new rules: OJK
Updated on

Follow Bloomberg on LINE messenger for all the business news and analysis you need.

Indonesia is planning further steps to make it easier for foreign banks to invest in local lenders as well as encourage domestic mergers, as it tries to strengthen the sector against growing competition from financial technology firms.