TEMPO.CO, Jakarta - The Indonesian Central Securities Depository (PT KSEI) signed a collaboration with 23 banks to appoint them as Customer Fund Account’s Administrator Banks and Payment Banks for the period 2024-2029.

KSEI Director Samsul Hidayat said the banks are appointed through an extensive and transparent selection process. "One of the highlighted factors is the ease of investors’ access to the capital market, starting with opening an account to the transaction process,” said Samsul in an official statement quoted on Sunday, July 21, 2024.

This year, the banks appointed by KSEI will act as both Customer Fund Account Administrator Banks and Payment Banks in a move diverging from its previous cooperation with 15 banks.

In doing so, the banks could carry out their function to settle securities transactions in the capital market and provide an alternative for providing intraday facilities to securities companies," Samsul said.

As of June 2024, said Samsul, there are a total of 13 million investors in the capital market with an average daily transaction settlement of Rp12.3 trillion. The average investor growth since 2020 has been recorded at 38.7 percent per year.

The list of 23 banks appointed by KSEI this year is as follows:

1. PT Allo Bank Indonesia

2. PT Bank BCA Syariah

3. PT Bank Capital Indonesia

4. PT Bank Central Asia

5. PT Bank CIMB Niaga

6. PT Bank DBS Indonesia

7. PT Bank Digital BCA

8. PT Bank Ina Perdana

9. PT Bank Jago

10. PT Bank KB Bukopin

11. PT Bank Mandiri

12. PT Bank Maybank Indonesia

13. PT Bank Mega

14. PT Bank MNC Internasional

15. PT Bank Multiarta Sentosa

16. PT Bank Negara Indonesia

17. PT Bank OCBC NISP

18. PT Bank Panin

19. PT Bank Pembangunan Daerah Jawa Barat dan Banten

20. PT Bank Permata

21. PT Bank Rakyat Indonesia

22. PT Bank Sinarmas

23. PT Bank Syariah Indonesia

Chief Executive of Capital Market Supervision, Derivative Finance and Carbon Exchanges of the Financial Services Authority (OJK) Inarno Djajadi added that the collaboration does not only show business cooperation between the capital market industry and Indonesia’s banking industry. The cooperation also showcases the synergy between supporting development, market deepening, and increasing financial inclusion through additional investors in the capital market.

"Hopefully the cooperation with 23 banks can strengthen the foundation to build and advance the Indonesian capital market going forward,” said Inarno.

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