State-controlled financial institution Bank Rakyat Indonesia (BRI) is scheduled to launch its satellite - called BRIsat - at 03:30 am local Jakarta time on 9 June 2016 in Kourou (French Guiana). BRI President Asmawi Syam told reporters that the launch is a milestone, not only for BRI but for the global banking industry as BRI will become the first bank to operate its own communications satellite. In Indonesia, the world's largest archipelago, a satellite is more efficient than fiber optic. With the BRIsat the bank is able to reach (potential) customers in the remote areas.

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Bank Indonesia, the central bank of Indonesia, expects banks' credit growth realization to reach 9-10 percent (y/y) in 2015, below its target of 11-13 percent (y/y). Up to October 2015 Indonesian banks' credit growth stood at 10.4 percent, slowing from 11.1 percent in the preceding month. Juda Agung, Executive Director of Economic and Monetary Policy Department Bank Indonesia, said slowing credit growth is in line with the economic slowdown.

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After having opened its first branch in Singapore, Bank Rakyat Indonesia (BRI), one of the leading commercial lenders in Indonesia, has now launched Indonesia’s first ever floating bank, named Teras BRI Kapal, in a bid to make banking services more accessible to people residing in the country’s remote islands or coastal areas. This first floating branch will serve the banking needs of residents in the Thousand Islands regency off the coast of Jakarta. In the future BRI plans to send boats to other remote areas.

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