10 foreign and local banks signs repo agreements with BI
JAKARTA (TheInsiderStories) – Indonesia central bank (BI) and 10 banks signed a global master repurchase agreement (GMRA) as part of the Bank to increase the number of inter-bank repo transactions. BI is aggressively seeking for more inter-bank repo transactions to support the new benchmark more attractive in the market. Four local banks PT Bank Mandiri Tbk, PT Bank Rakyat Indonesia Tbk, PT Bank Central Asia Tbk, PT Bank Negara Indonesia and six foreign lenders Standard Chartered Bank, DBS Bank, Mizuho Indonesia Bank, JP Morgan, Bank of Tokyo-Mitsubishi UFJ, and ANZ Bank. With the addition of these ten, BI now has repo agreements with 65 banks.
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Source: The Insiderstories