Important Measures
FSC Approves the Establishment of the Taiwan Branch of Bank Rakyat Indonesia
2020-09-09
The FSC has approved the application of Bank Rakyat Indonesia (BRI) for the establishment of its branch in Taiwan. Bank Rakyat Indonesia is one of the four major state-owned banks of Indonesia and it was also Indonesia’s first state-owned bank. According to the rankings in The Banker as of the end of July 2019, the Bank’s Tier 1 capital ranked 128th in the world and ranked first in Indonesia. It meets the requirements of Article 2 of the Regulations Governing Foreign Bank Branches and Representative Offices for applicant banks to rank among the top five hundred banks in the world. The Bank thus is the first Indonesian bank to establish a branch in Taiwan. The establishment of the Taiwan Branch of BRI will generate positive effects for bilateral trade and investments between Taiwan and Indonesia.
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- Update: 2020-09-09