Invitation to The International Exposure Visit Program on the Development of Rural Bank Industry,

  • 02/11/2017
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Invitation to The International Exposure Visit Program on the Development of Rural Bank Industry,

The history of Rural Bank (RB) is dates back to 19th Century under the colonial period RB were recog-nized as Bank Kredit Desa (Village Credit Bank), Lum-bung Desa (Paddy Bank), Bank Desa (Village Bank), and Badan Kredit Desa (Village Credit Agency) Rural Bank was legalized by the Banking Act No.7 of 1992. This Banking Act recognizes 2 type of banks: commer-cial banks and rural banks. The term of Rural Bank has been used in three ways that are often not clearly distinguished in descriptions of the RB industry.