KBLI 64121

Conventional Commercial Banking

Perbankan Umum Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskAggregatedRegistrable in Bali· medium conf.

This is a full-scope conventional banking activity—taking deposits from the public (e.g., current accounts, savings), extending loans or credit facilities, and operating payment systems. It also covers collecting funds in current account forms used as margin, compensation, or guarantee funds in a conventional (non-Shariah) manner.

What Changed

KBLI 2020→2025 mapping: match con aggregazione.

What You Need

Nationally, conventional banking is fully open to 100% foreign ownership. In Bali, it is not blocked by the moratorium, but flagged as higher-risk; you'll need to verify your specific office address meets the elevated licensing scrutiny and expect stricter capital requirements and compliance checks than for standard commercial activities.

Who This Is For

Foreign financial institutions or experienced fintech-backed teams ready to underwrite a fully regulated deposit-taking and lending operation on the island.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

Processing3 working days

2020 → 2025

Previous codes (KBLI 2020): 64121, 64141

Common Questions

Can foreigners operate a conventional commercial banking business in Indonesia?

Yes. KBLI 64121 (Perbankan Umum Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64121?

KBLI 64121 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3.

What is KBLI 64121?

KBLI 64121 is the Indonesian business classification code for "Perbankan Umum Konvensional" (Conventional Commercial Banking). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.

How did KBLI 64121 change from KBLI 2020 to 2025?

KBLI 64121 was mapped from previous codes 64121, 64141 (KBLI 2020). Multiple 2020 codes were merged into this single 2025 code. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

64122Section K

Sharia Commercial Banking

Perbankan Umum Syariah

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64110Section K

Central Bank Activities

Aktivitas Bank Sentral

→

Closed (sector regulator)✅Open· 100% nat'l · blocked in BaliLow Risk

64123Section K

Other Conventional Banking

Perbankan Konvensional Lainnya

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64124Section K

Other Sharia Banking

Perbankan Syariah Lainnya

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64191Section K

Conventional Cooperative Lending

Aktivitas Pemberian Kredit oleh Koperasi Konvensional

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64192Section K

Sharia Cooperative Lending

Aktivitas Pemberian Kredit oleh Koperasi Syariah

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

🏢

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KBLI 64121

Conventional Commercial Banking

Perbankan Umum Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskAggregatedRegistrable in Bali· medium conf.

What Changed

KBLI 2020→2025 mapping: match con aggregazione.

What You Need

Who This Is For

Foreign financial institutions or experienced fintech-backed teams ready to underwrite a fully regulated deposit-taking and lending operation on the island.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

Processing3 working days

2020 → 2025

Previous codes (KBLI 2020): 64121, 64141

Common Questions

Can foreigners operate a conventional commercial banking business in Indonesia?

Yes. KBLI 64121 (Perbankan Umum Konvensional) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64121?

KBLI 64121 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3.