What is BPR Indonesia?

What is BPR in Indonesia?

literally “People’s Credit Bank” Bank Indonesia (BI, central bank, regulator and supervisor until 2013) uses the term “Rural Bank”. BPRs operate in rural areas and in cities, including the capital Jakarta. BPRs are local banks: ∎ The Law on Banking limits their activities to the province.

What is Rural Bank Indonesia?

More information. Indonesia. 2014 to 2020. Rural banks or Bank Perkreditan Rakyat (BPR) is a bank that carries out its business activities conventionally or based on Sharia principles without providing services in payment transferring.

What is the work of Rural Bank?

The Regional Rural Banks Act 1976 provide for incorporation, regulation and winding up Regional Rural Banks with a view to developing the rural economy by providing for the purpose of development of Agriculture, Trade, Commerce, Industry and other productive activities in the rural areas, credit and other facilities,

How many rural banks are there in Indonesia?

According to Indonesia Financial Services Authority (OJK), there were 167 Sharia Rural Banks and 1,619 Conventional Rural Banks in 2017, and this distribution is still dominated in the western region.

How can I get a loan from Rural Bank?

Requirements for Loan Application

  1. Title (OCT/TCT)
  2. Tax Declaration (Latest)
  3. Tax Receipt (Current Year) with tax clearance.
  4. Sketch Plan/Vicinity Map/Subdivision Plan.
  5. Deed of Sale/Deed of Donation (If OCT-Approval of Application from DENR)
  6. Residence Certificate (Cedula) with xerox copy.
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Is Rural Bank a Government bank?

However, RRBs also have urban branches.

Regional Rural Bank.

Type Government owned Banks
Founded 2 October 1975
Number of locations 21871
Products Retail banking, corporate banking, investment banking, mortgage loans, wealth management, debit cards, UPI, internet banking, mobile banking, finance and insurance

Why are rural banks important?

Rural banks play a pivotal role in promoting inclusive development especially in the countryside by providing credit to primary food producers such as farmers, fisherfolks and small businesses that commonly belong to the most marginalized sectors of the economy, a top government official said.