Clifford Chance
Indonesia's Single Presence Policy for the banking sector
4 April 2013
Since 2006, the policy of the Indonesian government has been to make the Indonesian banking system more competitive by reducing the large number of Indonesian banks through a
process of consolidation. This was achieved through the introduction of a Single Presence Policy in 2006 and carried forward in the 2012 Regulation, which is based upon the premise
that any controlling shareholder of a bank should be limited to owning only one banking operation in Indonesia.
