Bank Indonesia (BI) has finally issued a sole proprietorship banking rules too. Through PBI. 14/24/PBI/2012, BI allows controlling shareholder (PSP) has more than one bank without merger.

Bank Indonesia (BI) has finally issued a sole proprietorship banking rules too. Through PBI. 14/24/PBI/2012, BI allows controlling shareholder (PSP) has more than one bank without merger.



They are only required to form a bank holding company (bank holding company), the holding company of financial institutions (financial holding), nor the one made to function as a bank holding company.

Interestingly, BI provides exceptions for banks mixed. For example, the PSP has two banks and one joint venture bank, the bank is not affected by this provision. PSP does not need to merge or make a bank holding company.

Director of the Directorate of Banking Research and Regulation BI, Irwan Lubis, explaining venture banks get special treatment because they stood prior to the enactment of Law (UU) No. 7 of 1992 banks. In addition, "They were invited to Indonesia in order to encourage the development of the banking industry," he said, Monday (7/01/2013).

However, not all banks mixture enjoy this privilege. Bank DBS Indonesia, for example.

According to BI, the bank is no longer owned by Temasek venture banks, because of a change of owner. "Bank mixture stand after the Banking Law was born, is also not excluded," he said.

DBS Indonesia was established in 1989 called the Mitsubishi Bank Buana. It is a joint venture of The Mitsubishi Bank Ltd. and Bank Buana Indonesia. In 1997, DBS Bank Ltd, a company owned by Temasek, acquired shares of Mitsubishi Bank. Three years later, the birth name to DBS Bank Indonesia.

According to BI, the change of ownership from Mitsubishi to DBS Bank Ltd abort status mixture inherent in the bank. Currently, 99 percent of shares owned by DBS Bank DBS Indonesia and 1 percent of Bank Central Asia (BCA).

In addition to controlling the DBS, Temasek is also the ultimate share holder Bank Danamon. Temasek's entry into the sixth largest bank in Indonesia through its business units, Fullerton Financial Holdings.

Currently, DBS Bank Ltd seeking Fullerton stock purchase. They had applied to BI and announced the plan in Singapore. If DBS Danamon Indonesia and canceled merger, Temasek shall establish a holding company in Indonesia. "Temasek there are only two options: make a merger or holding," said Irwan.