Indonesia Remains Strong amid Closure of Three US banks: Central Bank
The results of stress tests conducted by central bank show that the banking conditions in Indonesia are resilient.
JAKARTA, KOMPAS.com \- Indonesia's strong financial stability has left it unaffected by the closure of Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank in the United States, Governor of Bank Indonesia (BI) Perry Warjiyo said. "The results of our stress test simulation conclude that Indonesia's financial system stability is resilient in facing this global turmoil, including the impact of the three banks," Warjiyo said during the announcement of the results of the BI Board of Governors' Meeting in March 2023, which was monitored online in Jakarta on Thursday, March 16. Overall, the...