KBLI 64123

Other Conventional Banking

Perbankan Konvensional Lainnya

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect MatchRegistrable in Bali· medium conf.

This code covers unconventional banking activities outside the general commercial banking system—specifically, institutions like a conventional rural bank (Bank Perekonomian Rakyat/BPR) that take deposits and issue loans but explicitly do not offer payment or fund-transfer services.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Nationally, 100% foreign ownership is permitted for this financial activity. In Bali, it is not blocked by the local moratorium, but classified as high-risk. You can register a PMA here, but expect rigorous review from the Financial Services Authority (OJK) and local officials, with strict requirements on your physical address, capital, and licensing.

Who This Is For

Foreign entrepreneurs seeking to establish a niche conventional banking business—like a deposit-taking and lending institution—without needing payment traffic capabilities.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

Processing3 working days

2020 → 2025

Previous codes (KBLI 2020): 64123

Common Questions

Can foreigners operate a other conventional banking business in Indonesia?

Yes. KBLI 64123 (Perbankan Konvensional Lainnya) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64123?

KBLI 64123 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3 Hari.

What is KBLI 64123?

KBLI 64123 is the Indonesian business classification code for "Perbankan Konvensional Lainnya" (Other Conventional 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 64123 change from KBLI 2020 to 2025?

KBLI 64123 was mapped from previous code 64123 (KBLI 2020). This is a direct match — the code number and scope remained the same. 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

64124Section K

Other Sharia Banking

Perbankan Syariah Lainnya

→

Registrable in Bali✅Open· 100% ForeignHigh Risk

64122Section K

Sharia Commercial Banking

Perbankan Umum Syariah

→

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

64121Section K

Conventional Commercial Banking

Perbankan Umum 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

64110Section K

Central Bank Activities

Aktivitas Bank Sentral

→

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

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KBLI 64123

Other Conventional Banking

Perbankan Konvensional Lainnya

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskDirect MatchRegistrable in Bali· medium conf.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Who This Is For

Foreign entrepreneurs seeking to establish a niche conventional banking business—like a deposit-taking and lending institution—without needing payment traffic capabilities.

Licensing Overview

Risk LevelTinggi

License TypeNIB + Izin

Foreign Ownership100% Open

Processing3 working days

2020 → 2025

Previous codes (KBLI 2020): 64123

Common Questions

Can foreigners operate a other conventional banking business in Indonesia?

Yes. KBLI 64123 (Perbankan Konvensional Lainnya) is TERBUKA — open to 100% foreign ownership via PT PMA. No local Indonesian partner required.

What license is required for KBLI 64123?

KBLI 64123 has a Tinggi risk classification. Required license: NIB + Izin. Processing time: 3 Hari.