Indonesia's biggest state-owned banks undergo major leadership shakeups

BRI, Mandiri and BNI have seen their share prices tank this year

20250328 3 banks in Indonesia

The share prices of Indonesia's three largest state-owned banks -- Bank Rakyat Indonesia, Bank Mandiri and Bank Negara Indonesia -- have taken a battering this year. But recent management reshuffles have been well received. (Source photos by Reuters)

JOSEPH RACHMAN

JAKARTA -- Indonesia's three largest state-owned banks have seen a major leadership shakeup, with two new CEOs appointed plus dozens of directors and commissioners replaced last week.

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