indonesia bank chief denies suspending bank purchases
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Indonesia bank chief denies suspending bank purchases

Arab Today, arab today

Arab Today, arab today Indonesia bank chief denies suspending bank purchases

Jakarta - AFP

Bank Indonesia Governor Darmin Nasution denied reports that permits for investors to buy local banks had been suspended pending new rules on ownership caps. "Acquisition processes can still continue," Nasution was quoted as saying by Dow Jones Newswires on Friday. Bank Indonesia spokesman Difi Johansyah had earlier said the issuance of permits to purchase banks had been suspended until a decision was made about new investment rules. "Hopefully the regulation can be issued later this year," he said. The proposed regulation is designed to improve prudential practices in commercial banks by preventing a single investor dominating management. Single investors currently can own up to 99 percent of local banks. The restriction would apply to local as well as foreign investors but analysts say it could especially hit offshore interest in the local banking market and force some foreign players to sell their majority stakes. Interest in the local banking sector has grown thanks to Indonesia's booming economy, with growth expected to reach about seven percent this year, and the related expansion of its domestic consumer market. "This type of regulatory move on the part of our government is coming at a really bad moment considering Indonesia is getting so much attention from investors," Indonesian Chamber of Commerce chief Suryo Sulisto told the Financial Times last week. "I am afraid that it will throw the market for a loop and deter future foreign investment."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indonesia bank chief denies suspending bank purchases indonesia bank chief denies suspending bank purchases

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indonesia bank chief denies suspending bank purchases indonesia bank chief denies suspending bank purchases

 



GMT 14:45 2017 Sunday ,03 December

Saudi banks prepare for riyal coins

GMT 20:36 2017 Sunday ,15 October

Jewish settlers storm Al Aqsa mosque compound

GMT 04:06 2017 Wednesday ,09 August

PTI Leader Gunned Down in Karachi

GMT 22:40 2017 Thursday ,08 June

6m Yemenis on verge of starvation

GMT 15:00 2017 Sunday ,19 February

Hana El Zahed tells her career's story

GMT 13:13 2017 Thursday ,30 March

Teach your children to love the arts

GMT 10:24 2015 Thursday ,04 June

Central bank: Too early to say Russia crisis over
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday