08 October 2008


Bandung (Admin). The Meeting of the Board of Governors (RDG) of Bank Indonesia on Tuesday, 7th October 2008 decided to raise BI Rate by 25 bps to 9.50%.


"This decision was taken after careful examination and consideration on the global financial and economic development in the recent years and its potential impact on the national economy. Bank Indonesia has also carefully evaluated the outlook of domestic demand, the balance of payments and the resilience level of Indonesian financial sector in the context of global development", said the Governor of Bank Indonesia Boediono. Furthermore, Bank Indonesia will continue to control inflation rate by utilizing all monetary instruments. The policy to stabilize Rupiah is directed towards the activities to stabilize exchange rate fluctuations. The current exchange rate movements are generally following the trend of regional currencies.


Going forward, Bank Indonesia will continue to cooperate with the Government in evaluating the ongoing development and taking the necessary actions to maintain the security and stability of Indonesian financial system.


The complete report on the latest condition of the economy, monetary development, inflation, exchange rates, balance of payments, and future economic outlooks will be published in the Monetary Policy Report of Bank Indonesia, available on Bank Indonesia website on 14th October 2008. (FDT, Source: Directorate of Strategic Planning and Public Relations)

For further information please contact:


PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]


Bank BTPN in brief

PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive underprivileged communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving microbusinesses, BTPN Business Banking—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving productive underprivileged customers. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.