Pension Loans Sold: Indonesia's Central Bank Tries to Rebalance PT Bank SMBC Indonesia has sold $1. 1 billion worth of pension loans to Bank Tabungan Negara (BTN).
This move is a reflection of the country's central bank trying to address its economic challenges, including a significant decline in foreign reserves of $2 billion and a weakening rupiah.
The sale marks a strategic shift by Bank SMBC Indonesia to reduce its exposure to high risk assets.