Government’s Initiative To Benefit Banking Sector

BMI View: The Indonesian government's efforts to grow the Islamic finance industry will be positive for the banking sector as it will help to increase financial literacy and increase deposit growth. Moreover, the easing of foreign ownership restriction s for Islamic banks could provide a broad template for regulators to relax ownership rules for conventional banks.The potential for easing of foreign ownership restrictions (currently capped at 40.0%) for Islamic banks in Indonesia,...

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