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WHOLESALE BANKING | Cesar Tordesillas, Indonesia

Blue print formulated for Indonesian banking

It is not an overnight product!

The reference for Indonesian banking operations was formulated by Perbanas based on the observation over the past one year.

This was emphasized by Indonesian National Bank Association (Perbanas) Chairman Sigit Pramono.

"The blue print is not an overnight product but we have been discussing it intensively as a form of our responsibility as the nation`s sons in the banking field," he said.

He said that the blue print was expected to serve as a reference for all banking stakeholders to develop more structured and directed banking sector.

"We need to stress here that Perbanas has no pretension or obligation to produce a banking blue print. What we have done is expected to encourage Bank Indonesia (the central bank), financial service authority and other bankers to formulate a common blue print," he said.

The blue print will further be discussed by the 18th Perbanas Congress 2012 on October 31 - November 1, 2012.

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