Foreign Banks Target Credit Expansion in Key Sectors

Jakarta, CNBC Indonesia — Amid global turmoil battering Indonesia’s financial markets, Hioshia Ralie, CEO of JPMorgan Chase Indonesia and Head of SEA Global Corporate Banking, outlined a number of strategies banks can pursue to drive business growth, strengthen liquidity and increase credit disbursement.

Banks are being encouraged to seek business growth opportunities; for foreign banks, this can involve helping multinational companies operate in Indonesia through the provision of financing, as well as treasury and custody services, such as the company BYD.

On the other hand, local companies with sound fundamentals operating in the domestic market, as well as those seeking to expand into export markets — including companies under the Danantara umbrella — can serve as a pillar of banking business growth.

Hioshia Ralie also sees positive potential in the moves by a number of banks in the Tier 2 Commercial Bank by Core Capital (KBMI 2) group to rise to KBMI 3, as this will enhance banking competitiveness. Likewise, the potential for banks to list on the Indonesian stock exchange is viewed very positively as a way to strengthen banks’ businesses.

So what are the prospects and challenges for the banking business? For the full discussion, watch Shania Alatas’s dialogue with Hioshia Ralie, CEO of JPMorgan Chase Indonesia and Head of SEA Global Corporate Banking, on CNBC’s Power Lunch (Monday, 14/07/2026).