FSA Push the Big Banks to Buy Many Small Banks, the bank Select is Another Way

Bank BCA - The Financial Services authority (FSA) plans to loosen the rules a sole proprietorship (single presence policy/SPP) banking.

"I will not change the provisions of the single presence policy, but the treatments will be expanded.

Of these, 71% of whom entered in the Public Bank group's Business Activities (the BOOK) I or core capital below Rp 1 trillion.

However, this provision is excluded on the PSP which has two banks with different principles, namely conventional and islamic, as well as if one bank is a joint venture.

Meanwhile, President Director of PT Bank Central Asia Tbk (BCA) Jahja Setiarmadja rate, consolidation is actually not too profitable for the big banks.

I finally bought the bank is empty, except indeed I need a special bank," said Jahja.