Jakarta –
The Financial Services Authority (OJK) reveals the prospects of the Bank Bullion or the Gold Bank will increase rapidly. The Head of the Banking Supervisory Executive (PBKN) OJK Dian Ediana Rae revealed that there were three parties who would benefit from the presence of the gold bank.
“Bullion business development will provide benefits for three parties, namely the government, the community and business actors, as well as the Financial Services Institution (LJK),” he said in his statement, quoted on Saturday (2/22/2025).
In addition, based on the results of OJK research, the bullion business can maximize the added value of gold resources in Indonesia, both gold and gold stocks owned by the community.
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According to him, bullion businesses can potentially increase retail gold consumption that will spur the increase in the gold industry and the whole business in the gold ecosystem that accommodates with additional value added (VA) up to 30-50 trillion rupiah.
“Therefore, its potential will certainly be very large supported by the current business development ecosystem of the existing Bank Bullion, including producers, refiners, manufactures, wholesales and retailers as well as people who make precious metals as a means of investment and business development,” he explained.
OJK has issued a permit for Bullion or Gold Bank Business Activities for Indonesian Sharia Bank or BSI (BRIS) on February 12, 2025. The issuance of the permit is also based on a request from BSI.
For information, PT Bank Syariah Indonesia Tbk (BSI) will run a bank bullion business following the issuance of a permit from the regulator related to the implementation of bullion business activities to the Company. Bullion business license for BSI is issued by the Financial Services Authority (OJK) for gold trading products and gold care.
BSI President Director, Hery Gunardi said the company had obtained permission from the OJK related to the implementation of Bullion business activities and this was a legal standing for the company to start running the Bank Bullion business.
“We appreciate the trust and support of regulators and stakeholders so that BSI goes to the next level in managing the gold business, namely Bank Bullion,” said Hery, in a written statement, Thursday (13/2).
(there/ara)
How does the Bullion Buisness increase retail gold consumption,spurring growth in the gold industry and its ecosystem?
Table of Contents
- 1. How does the Bullion Buisness increase retail gold consumption,spurring growth in the gold industry and its ecosystem?
- 2. Revolutionizing Indonesia’s Gold Industry: A Conversation with Dian ediana Rae
- 3. Introduction
- 4. Promise of Gold Banks to Indonesia’s Economy
- 5. Impact on the Gold Industry and Ecosystem
- 6. The Role of OJK and Regulatory Framework
- 7. Thoughts on the Future of Gold Banking in Indonesia
Title: Revolutionizing Indonesia’s Gold Industry: A Conversation with Dian Ediana Rae,banking Supervisory Executive at OJK
Revolutionizing Indonesia’s Gold Industry: A Conversation with Dian ediana Rae
Introduction
In a recent announcement,the Financial Services Authority (OJK) revealed the significant potential of the Bank Bullion or Gold bank in Indonesia’s financial landscape. We sat down with Dian Ediana Rae, the Head of the Banking Supervisory Executive at OJK, to discuss this promising development and its implications for the Indonesian economy.
Promise of Gold Banks to Indonesia’s Economy
Archyde: Could you share more about the benefits of the Bullion business Development for Indonesia’s economy?
Dian Ediana Rae: Absolutely.The bullion business development will provide benefits for three key parties – the government, the community and business actors, and the Financial Services Industry (LJK). It has the potential to maximize the added value of Indonesia’s gold resources, both in gold and gold stocks owned by the community. We’re talking about additional value added (VA) of up to 30-50 trillion rupiah.
Impact on the Gold Industry and Ecosystem
Archyde: How does this translate into growth for the gold industry and its ecosystem?
Dian Ediana Rae: The bullion business can increase retail gold consumption, which will spur growth in the gold industry and its entire ecosystem. We’re talking about producers, refiners, manufacturers, wholesalers, retailers, and individuals who invest in precious metals as a business opportunity.
The Role of OJK and Regulatory Framework
Archyde: OJK has recently granted a permit for Bullion Business Activities to Indonesian Sharia Banks. What role does OJK play in facilitating this growth?
Dian Ediana Rae: OJK has indeed issued a permit for such activities.Our role is to regulate and supervise the financial services sector, ensuring the stability and soundness of the financial system. By providing a clear regulatory framework, we foster an surroundings that supports innovation and growth, like the Bullion Business.
Thoughts on the Future of Gold Banking in Indonesia
Archyde: What’s your vision for the future of Gold Banking in indonesia?
Dian Ediana Rae: I envision a future where the Bullion Business plays a significant role in indonesia’s financial ecosystem. It’s an untapped potential that can drive growth, create jobs, and offer new investment opportunities. We’re exciting about the prospects and committed to supporting its sustainable development.