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The Impact of Busy Political Year on Bank Business in Indonesia

Residents hold several rupiah notes at Petisah Market, Medan, North Sumatra on Sunday (29/1/2023). – Bloomberg/Dimas Ardian

Bisnis.com, JAKARTA — Banker at PT Bank Central Asia Tbk. (BBCA) to PT Bank Panin Tbk. (PNBN) projects a number of impacts of the busy political year, general election and presidential election in 2024 on bank business.

President Director BCA Jahja Setiaatmadja, for example, said that elections and presidential elections are recurring moments. A number of sectors have already anticipated this.

Meanwhile, for financial markets, the political year will not have much influence. “Investment in forms such as shares and bonds is not directly related to the political year, but is related to the mood of the capital market,” he said in a performance presentation for the third quarter of 2023 some time ago.

Editor: M. Nurhadi Pratomo

2023-10-22 13:15:37
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