Conglomerate Banks Under Pressure: From Sampoerna to Salim

According to a summary by Bisnis, five of the eight-member banks within the conglomerate reported a decline in profits.

Bisnis.com, JAKARTA — Despite facing liquidity challenges, high interest rate pressures, and global uncertainty, major national banks under financial conglomerates ended 2024 with positive performance. 

While these conglomerate-owned banks managed to achieve net profits or avoid losses, their results varied. Some banks posted double-digit profit growth, while others saw significant declines in performance.

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