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Financial Services Authority’s (OJK) Banking Supervision Department 2 will host a seminar on the theme of “Investment Prospects and Opportunities in Indonesia for Foreign Banks’ Representative Offices,” at Radius Prawira Tower, 25^th Floor, Bank Indonesia Office Complex, Jakarta, on Wednesday (Dec. 6). 

Heru Kristiyana, OJK Executive Head of Banking Supervision, will deliver his keynote speech for the seminar. The event will also be attended by chiefs of foreign banks’ representative offices and officials from the Coordinating Investment Board (BKPM), the National Development Planning Agency (Bappenas), the Ministry of Energy and Mineral Resources (ESDM), and Bank Indonesia (BI).

Foreign investors have been showing increasing interests to invest in Indonesia, and this was the reason behind the OJK’s decision to hold the seminar. Their higher interests were reflected by the amount of foreign realized investments as of September 2017 that reached IDR 318.5 trillion, which made up 62.1 percent of total realized investments of IDR 513.2 trillion.

Data from OJK’s Banking Supervision Department 2 shows that currently, there are 24 representative offices of foreign-based banks that operate in Indonesia. As of this year’s third quarter, these offices had channeled loans worth IDR 71 trillion, up 12 percent from IDR 63 trillion in December 2016. In addition, the representative offices have also made it possible for their headquarters to run the latter’s strategic plans in Indonesia.

Thus, the seminar is expected to provide the representative offices with information about the national economy, potential in various areas, and the investment licensing process, as investors from the representative offices’ countries of origin need all of this information when making decisions about investing in Indonesia.