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KBLI Navigator/Section K/64996
KBLI 64996

Conventional Bullion Banking

Aktivitas Perbankan Bulion Konvensional

🏦 Section K — Financial & Insurance Activities

In Bali: a PT PMA cannot register this code

National procedure — does not apply to a PT PMA in Bali

In Bali this activity is blocked for a PT PMA under the 13 May 2026 moratorium. The national procedure below applies only to non-PMA operators.

✅Open· 100% nat'l · blocked in BaliRenumbered🏝️🚫Closed in Bali (2026 moratorium)· needs review· low conf.❓Not classifiable — divergence documented

Conventional Bullion Banking Is Nationally Open—But Not for Bali PMA

This activity covers conventional deposit-taking and lending in precious metals, nationally open to full foreign ownership but blocked for PMA registration at a Bali address.

By the numbers
Foreign ownership ceiling
100%
Open scales
Mikro, Kecil, Menengah, Besar
National reference
Perpres 10/2021, 49/2021
Bali status
Closed (Bali moratorium)
National openness establishes the investment position, but it does not override Bali’s PMA moratorium for a Bali address.
What Changed

KBLI 2020→2025 mapping: code renumbered.

What You Need

This code covers conventional bullion banking — principally receiving deposits of precious metals such as gold or silver, in bar or currency form, and extending loans of those precious metals. The licensing rows shown here earlier were tied to a below-confidence crosswalk match to an unrelated (pawnbroking) 2020 code that our review could not confirm as correct, so they have been removed from this page; the correct licensing for this code is not yet reliably defined in our verified sources. Before registering or investing, confirm the current requirements with the Bali Zero team. **Risk tier under review.** The licensing rows this code's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so we cannot currently re-derive it. Where this page states a risk tier or a scale-based requirement, treat it as provisional pending re-derivation, and verify the current classification at oss.go.id before acting on it.

Who This Is For

Foreign entrepreneurs aiming to operate a conventional bullion bank—taking precious metal deposits and providing metal loans—though Bali is currently off-limits for PMA setup.

2020 → 2025
Previous codes (KBLI 2020): 64921— PP28 uses KBLI 2020 code 64921 (Pergadaian Konvensional...). Match: 87%

Regulatory Divergence

The licensing previously shown for 64996 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.

Correction note — verbatim, with source locators

KBLI 2025 code 64996 'Aktivitas Perbankan Bulion Konvensional' (conventional bullion banking — principally receiving deposits of precious metals such as gold or silver, in bar or currency form, and extending loans of those precious metals, conducted conventionally; the code's own uraian explicitly excludes sharia bullion banking (64997), own-account bullion trading (64994), bullion brokerage-for-others (66129), and bullion custody/storage (66132)) carries canonical status_mapping='CODICE_RINUMERATO', kbli_2020_source='64921', pp28_sources=['64921'], mapping_note "PP28 usa codice KBLI 2020 64921 (Pergadaian Konvensional...). Match: 87%" — a below-100% renumbering-match confidence to a code whose OWN truncated title, 'Pergadaian Konvensional...' (conventional PAWNBROKING — collateral-lending against pledged goods), has no conceptual overlap with conventional BULLION BANKING (deposit-taking and lending of precious metals, a banking-style activity built around metal deposits and metal lending, not pledge-collateral lending): the same low/medium-confidence auto-match-to-a-conceptually-unrelated-code pattern documented for Lot 2's 52239 and Lot 3's 64920/61905. No independently-verified replacement parent was established for this code in the conductor's report (unlike 64955's image-verified 64999, above) — per rule #9 (no replacement value without provenance), this cure does NOT correct status_mapping or kbli_2020_source for 64996; it remains a detach-only cure with an honest data_note, same treatment Lot 3 gave its own un-replaced metadata-false codes (61905, 64920). The served per_skala payload for this code is a minimal, generic quarterly-LKPM-via-OSS reporting obligation with no further code-specific content to independently corroborate or contradict; the defect adjudicated here is confined to the crosswalk citation, not (as far as directly verifiable this session) the served payload's topical content. per_skala detached; the licensing regime for conventional bullion banking is not retrievable from the pinned sources as hunted. Lot 4 conductor gate (second signing), run wf_66ea406e-b0d, 2026-07-19.

The detached licensing rows (source unverified for this activity)1 row

These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.

Mikro, Kecil, Menengah, BesarLow RiskNIBAuthority: Menteri/ Kepala Badan
BPS Peraturan 7/2025 (KBLI 2025 classification)PP 28/2025 (risk-based licensing annexes)OSS RBA ruang-lingkup — no KBLI-2025 scope retrievable via the OSS API (404)

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
Detached — source could not be verifiedDeclared gap—

The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.

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 LOW.

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 bullion banking business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 64996 (Aktivitas Perbankan Bulion Konvensional) is TERBUKA (100% foreign ownership) at the national level, but in Bali it is blocked for a PT PMA under the 13 May 2026 moratorium. [derivation under review] Nationally TERBUKA but the Besar scale is 'Rendah' -> blocked by the Bali PMA moratorium (Gov. letter B.27.000/642, 13 May 2026: all Rendah/Menengah Rendah blocked for a Bali address). [NB-3 28 June 2026] — NOTE: the licensing rows this verdict's risk tier was read from have since been set aside as unverifiable for KBLI 2025, so the verdict cannot currently be re-derived; verdict pending re-derivation from the true risk tier (GARUDA-FILIERA). Outside Bali it is open to a PT PMA with no local 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 64996?
We cannot yet show a verified licensing basis for KBLI 64996: the licensing previously associated with this code was removed because its source could not be verified as applying to this activity. See the Regulatory Divergence section on this page for the documented sources, and verify the current OSS treatment before relying on any licensing assumption.
What is KBLI 64996?
KBLI 64996 is the Indonesian business classification code for "Aktivitas Perbankan Bulion Konvensional" (Conventional Bullion 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 64996 change from KBLI 2020 to 2025?
KBLI 64996 was mapped from previous code 64921 (KBLI 2020). PP28 uses KBLI 2020 code 64921 (Pergadaian Konvensional...). Match: 87% The code was renumbered but the business activity scope is essentially unchanged. 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

64997Section K

Sharia Bullion Banking

Aktivitas Perbankan Bulion Syariah

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in Bali
64995Section K★

Proprietary Carbon Unit Trading

Perdagangan Unit Karbon atas Nama Sendiri

→
🏝️✅Registrable in Bali✅Open· 100% Foreign
64999Section K

Other Financial Services (Non-Insurance, Non-Pension)

Aktivitas Jasa Keuangan Lainnya Ytdl, Bukan Asuransi dan Dana Pensiun

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64994Section K

Proprietary Financial Market Trading

Perdagangan di Pasar Keuangan atas Nama Sendiri

→
🏝️✅Registrable in Bali✅Open· 100% ForeignMedium-High Risk
64993Section K

Clearing & Settlement Counterparty Services

Aktivitas Counterparty untuk Kliring dan Setelmen Transaksi

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
64992Section K★

Sharia Venture Capital

Aktivitas Modal Ventura Syariah

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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