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Bloomberg

Prabowo Risks Prompt Global Banks to Pull Cash Out of Indonesia

Sunday, June 28, 2026


Three major foreign banks operating in Indonesia have transferred approximately $640 million in earnings out of the country since 2024. The transfers are attributed to the banks reducing their exposure in the region as President Prabowo Subianto's administration has implemented economic policies that emphasize state involvement in the economy.

Original reporting: https://www.bloomberg.com/news/articles/2026-06-28/citi-hsbc-stanchart-send-more-indonesia-profits-home-as-prabowo-demands-rise

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