President Joko Widodo reminded the banking sector in Indonesia to be more brave and more open in facing challenges from foreign banks, especially those who will enter and that has already operated in Indonesia. President Joko Widodo in a meeting with the leaders of Commercial Banks in Indonesia held at the State Palace in Jakarta on Thursday (15/3/2018) said that Indonesian banks should also take advantage of the positive momentum that is being achieved, especially to attract foreign investors into Indonesia.
"In the financial services, the world is now fully open. Our people can take credit, and can open savings anywhere in the era like this. For example, people can fly to Singapore to open an account, where it is very easy. Taking credit cards in there is also so easy, and taking a loan is also very easy. Therefore, we have no choice. In the future, we have no choice. We must be open, including competition with international banks that enter and exist in Indonesia; everything must be ready. I think, it is better for international banks to operate in Indonesia, instead of our customers go overseas. That’s the only choice," the President said.
President Joko Widodo said that the world's interest in Indonesia is still quite high, and it is proven by the release issued by US News and Report magazine, where Indonesia is ranked second, as the most attractive country for investment. President Joko WI dodo views that of course, this is one of the positive achievements in which he wants to re-boost the performance improvement of business ease in Indonesia. Thus, President Joko Widodo reminded the banking players in the country to be more daring and also more open in facing challenges from foreign banks that will go to Indonesia and also those that have already operated in Indonesia. President Joko Widodo added that in return, foreign investors are interested in investing their capital because of trend, not condition of a country. On the same occasion, Chairman of the Financial Services Authority, Wimboh Santoso explained that the banking sector is in good condition because of the adequacy of the capital that reaches 23.26 percent. The Indonesian banking is not experiencing something very worrying. (KBRN-PRADIPTA-Mar/AHM/Trans by Rhm)