There are quite a few banks (over 200 banks) in Indonesia. One of the reasons is the entry investment to open a bank is quite low, the lowest in South East Asia. Some of these banks are privately owned and are quite new. Below is a partial list of banks in Indonesia, since there have been some changes in the bank industry.
HOT NEWS: Baligate: Scandal involving Bank Bali, Gov. Officials, and many more! Indonesia's economy has been under pressure. It is currently in a crisis situation. The currency (Rupiah) has dropped drastically. Some measures have been taken to strengthen the economy, including liquidating and merging banks.
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