The Financial Services Authority (OJK) said that banking consolidation would affect the reduction of operating banks. The expectation is that 5 banks are to be acquired or taken over by foreign investors/buyers this year. The target for acquisition or merger are those categorized as BUKU 1 and BUKU 2. Per November 2016, the number of banks (BUKU 1) with the core capital of less than Rp1 trillion reached 27 banks. Whereas there are 50 BUKU 2 banks (with capital of Rp1-5 trillion).To subscribe please click here
