Rabobank Indonesia (short for PT Bank Rabobank International Indonesia) has announced that it is to phase out its operations in Indonesia starting per direct. The decision was made by the bank's shareholders. Fierce competition in Indonesia's banking industry, which particularly hurts the smaller banks, is believed to be the main reason behind the decision.
Update COVID-19 in Indonesia: 59,394 confirmed infections, 2,987 deaths (2 July 2020)
2 July 2020 (closed)
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