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KBLI Navigator/Section K/64121
KBLI 64121

Conventional Commercial Banking

Perbankan Umum Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: open to a PT PMA

✅Open· 100% ForeignHigh RiskAggregated🏝️✅Registrable in Bali· medium conf.✓OSS-verified · KBLI 2025

Conventional Commercial Banking: Open Nationally, Clear of Bali’s PMA Block

KBLI 64121 defines conventional commercial banking across deposits, credit and payment services, with foreign ownership open nationally up to 100% and no Bali moratorium block.

By the numbers
National foreign-ownership ceiling
100%
Open enterprise scales
Mikro, Kecil, Menengah, Besar
National PMA source
Perpres 10/2021, 49/2021
Bali status
Registrable in Bali
Nationally, the activity is open to foreign investment up to 100%; in Bali, it is not caught by the permanent PMA moratorium.
What Changed

KBLI 2020→2025 mapping: matched with aggregation.

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
BPS crosswalk
Official BPS 2020 → 2025 crosswalk ancestors: 64121

Source: the BPS 2020↔2025 conversion table, mechanically extracted and acceptance-gate verified. It shows which 2020 codes map to this 2025 code — provenance only, not a licensing claim: the regulatory regime of these predecessor codes has not been adjudicated as transferring.

Sources & Verification

Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.

Activity definition
BPS Peraturan 7/2025 + PP 28/2025VerifiedKBLI 2025

Title and scope as defined by the KBLI-2025 classification.

locator: OSS_RBA_2025_id_version_fff4053d

Risk & licensing
OSS RBA risk scope (ruang lingkup)VerifiedKBLI 2025

Risk category and licensing rows are KBLI-2025-native from the OSS Risk-Based Approach catalog.

locator: OSS_RBA_resiko_2025

Foreign ownership (PMA)
Perpres 10/2021, 49/2021Audit pendingKBLI 2020

The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.

Bali status
Bali province blocks ALL Low + Medium-Low risk KBLI for PMA (island-wide, permanent) (effective 2026-05-13)Audit pending2026 overlay

Conservative posture derived from the risk tier · confidence MEDIUM.

Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.

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. (Source: Perpres 10/2021 as amended by Perpres 49/2021 — the investment-list annexes predate KBLI 2025; per-code crosswalk audit in progress.)
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 Bali
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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