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Article: TEN UPPER-CLASS BANKS ACCOUNT FOR 62% OF PRIVATE NATIONAL BANKS' TOTAL ASSETS
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- April 26, 1993
CopyrightCOPYRIGHT 1993 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Private national banking has been growing rapidly since October 1988, when the Government started to deregulate the banking sector, providing investors with more opportunity to do business in this sector.
As an illustration, the number of private banks has increased from only 66 as of the end of 1988 to 142 now. This means that over the past five years, an additional 76 new private banks or an average 15 new private banks per year have been established.
Private national banks not only have been growing rapidly in number, but also have been strengthening themselves in horizontal as well as vertical direction in anticipation of increasingly tough competition. ...
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