In general, the Banking Annual Report 2015 published various information on duties that the Financial Services Authority (OJK) had implemented in the banking sector, including banking performance, banking risk profile, policies and regulations, corporate governance and follow-ups to supervision development, and integrated supervision on the banking sector throughout 2015.
In addition, this report also gave information on banking institutions and law enforcement in the banking sector, and local and international cooperation carried out by the OJK in this sector during 2015.
This report also presented international issues concerning banking operation, such as Financial Sector Assessment Program (FSAP), Foreign Account Tax Compliant Act (FATCA), and issues related to Anti Money Laundering and Countering Financing Terrorism.
At the end of the report, there was also information on the outlook and direction to be taken for the banking policies in 2016, conventional bank's structural development, coordination with related institutions, implementation framework and development of financial inclusion strategies in Indonesia, and educational program implementation and consumer protection policies during 2015.
Throughout 2015, even though there were pressures from emerging financial markets, the national banking industry still showed a strong growth trend and remained in sound condition. The sector was able to maintain its robust performance owing to stable credit risks, liquidity and markets.
This was reflected by significant contribution of banking intermediary functions to conventional banks (BUK) as well as to Sharia commercial banks (BUS) and Sharia business units (UUS). Assets, loans and third-party funds of BUK rose by 9.53 percent, 10.86 percent, and 7.56 percent year-on-year (y-o-y) respectively. Those of BUS and UUS climbed by 8.78 percent, 6.86 percent, and 6.11 percent y-o-y respectively. In regard to the national people's credit banks industry, its assets, loans and third-party funds were up by 10.82 percent, 9.12 percent and 11.89 percent y-o-y respectively.
Despite the challenges it has been facing in 2016, the banking sector is expected to improve its performance—given its growth and performance in 2015—and become even healthier, stronger, and more efficient, among other things, by accelerating intermediary functions and distribution of public funds for supporting national development and opening wider access to banks in local areas towards a more inclusive financial sector.
Right Menu Subsite