Indonesian state banks rally, private rivals falter under Prabowo's policies
State‑owned banks in Indonesia posted strong earnings and share gains, while privately run banks lagged after the new president, Prabowo Subianto, introduced economic reforms. The policies, aimed at tightening credit and boosting fiscal discipline, have been praised by state institutions but criticized by private sector leaders for dampening profitability. The article assesses the divergent market reactions.