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BANK CONSOLIDATION

THE THREAT OF CRISIS AND WHICH SMALL BANKS WILL BE TAKEN BY FOREIGN INVESTORS?

Oleh KARNOTO MOHAMAD
Istimewa

Istimewa

THE House of Representatives (DPR) officially elected Thomas Djiwandono as Deputy Governor (DG) of Bank Indonesia (BI) at a Plenary Session on

January 27, 2026. Previously, Thomas served as Deputy Minister of Finance, and his name was proposed by the President as a candidate for BI DG after Juda Agung, who had served as BI DG since January 6, 2022, resigned on January 13, 2026. Thomas’s election met many predictions. He beat out two other internal candidates from BI: Dicky Kartikoyono (Assistant Governor - Head of the BI Payment System Policy Department) and Solikin M. Juhro (Head of the BI Macroprudential Policy Department). Meanwhile, Juda Agung was mentioned as a strong candidate for Deputy Minister of Finance to replace Thomas.

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