How many commercial banks are there currently?

Mergers and acquisitions in the banking sector have reduced the number of commercial banks. Statistics from the Indonesian Financial Services Authority (OJK) show that the number of banks in September 2017 was 115. This represents a decrease of 5 banks compared to 2013, when there were 120.

The largest group is Private National Commercial Banks (BUSN) with foreign exchange facilities, numbering 42 banks. This is an increase of 6 banks compared to 2013, when there were 36. Regional Development Banks (BPD) number 27, and Private National Commercial Banks (BUSN) without foreign exchange facilities number 21, a decrease of 9 banks from the previous 30. There are also 12 mixed banks, 9 foreign banks, and 4 state-owned banks (Bank Persero).

Several banks have merged in recent years. Bank Antar Daerah merged with Bank Windu Kentjana International to become Bank China Construction Indonesia. Bank Metro Express merged with Centratama Nasiona Bank to become Bank Shinhan Indonesia. Bank Ekonomi Raharja merged with Bank HSBC to become Bank HSBC Indonesia, and Bank Hana merged with Bank KEB Indonesia to become Bank KEB Hana Indonesia.