SECTOR BANK INDONESIA

Tulisan :

Sector Bank In Indonesia

Foreign interest in the banking sector picked up with the enforced consolidation of the sector following the introduction of The Single Presence Policy (SPP) in 2006. Under Regulation No.8/2006, Bank Indonesia enforced the rule preventing a shareholder from having more than one controlling stake in a bank. Any banks with the same beneficiary were therefore under obligation to merge or to sell the controlling stake.

Within the private sector, the measure has seen the merging of Bank Lippo and Bank Niaga to form CIMB Niaga and the selling off of the Singapore sovereign wealth fund’s share in BII to Malaysia’s Maybank.

The four state owned banks, namely Bank Mandiri, BRI, BTN and BNI are positioned within the top ten banks of the country and a merger would require mammoth restructuring by centralising 39% of total commercial banking assets within one body on top of reorganisation of thousands of personnel. In March 2011 Bank Indonesia announced a two year postponement of SPP and that state owned banks may be exempt from the policy altogether; although a final decision on the matter has not been reached.

As the banking sector matures, Bank Indonesia is keen to see greater consolidation in the sector to encourage specialisation among the banks. Pressure for consolidation is also coming from the need to boost capital adequacy ratios (CAR) with the largest banks planning rights issues to meet funding requirements.

Bank Indonesia has stated that is will offer incentives to banks that choose to make public offerings which will spur further actions in the near future. Smaller sized banks with less that $11 million USD in capital face the need to merge or be acquired. This end of the market therefore represents a key opportunity for foreign investors seeking access and exposure to the Indonesian market’s highly profitable banking sector.

sumber:

http://www.gbgindonesia.com/en/finance/article/2011/opportunities_in_indonesia_s_banking_industry.php