Indonesia considers cap on foreign ownership of local banks
Indonesia is considering limits on foreign ownership of domestic banks at a time when private equity firms are keen to boost their exposure to the sector. Darmin Nasution, the central bank governor, said that the potential impact of the regulations is still being assessed with a view to finding a workable approach, Reuters reported.
At present, any investors - including foreigners - are permitted to own up to 99% of a local bank, although any single entity seeking to purchase a stake of 25% or more requires central bank approval....
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