Joint Press Release Central Banks of Malaysia, Indonesia and Thailand Appoint Additional Qualified Banks to Participate in the Local Currency Transaction Framework
Joint Press Release | 05 Aug 2025
Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) are pleased to announce the appointment of additional qualified commercial banks to operationalise the Local Currency Transaction Framework (LCTF). These qualified banks, known as Appointed Cross-Currency Dealers (ACCDs), will facilitate cross-border settlement of trade and investment between the respective countries. This initiative follows several enhancements to the LCTF announced on 17 February 2025. [hyperlink to previous PR]
The expanded ACCD network will strengthen customer outreach, enhance market access to local currency liquidity, provide businesses with enhanced options for cross-border transactions between Malaysia, Indonesia and Thailand.
BNM, BI, and BOT continue to support trade and investment growth through closer financial collaboration under the LCTF.
The newly appointed banks are listed below:
MYR-IDR LCTF
| Malaysian Banks | Indonesian Banks |
| 1. AmBank (M) Berhad | 1. PT Bank Danamon Indonesia Tbk |
| 2. Bank of China (Malaysia) Berhad | 2. PT Bank OCBC NISP Tbk |
| 3. OCBC Bank Malaysia Berhad | 3. PT Bank Pembangunan Daerah Jawa Timur Tbk |
| 4. Standard Chartered Bank Malaysia Berhad | 4. Bank of China (Hong Kong) Limited Jakarta Branch |
| 5. Sumitomo Mitsui Banking Corporation Malaysia Berhad |
MYR-THB LCTF
| Malaysian Banks | Thai Bank |
| 1. AmBank (M) Berhad | 1. Bank of China (Thai) Public Company Limited |
| 2. Bank of China (Malaysia) Berhad | |
| 3. Hong Leong Bank Berhad | |
| 4. OCBC Bank Malaysia Berhad | |
| 5. Sumitomo Mitsui Banking Corporation Malaysia Berhad |
IDR-THB LCTF
| Indonesian Banks | Thai Banks |
| 1. PT Bank OCBC NISP Tbk | 1. Bank of China (Thai) Public Company Limited |
| 2. Bank of China (Hong Kong) Limited Jakarta Branch |
Bank of Thailand
Bank Indonesia
Bank Negara Malaysia
5 August 2025
For media enquiries, please contact :
Bank of Thailand
International Department
Tel: +66 2283 6288
Email: IND-InterStrategy@bot.or.th
Bank Indonesia
Communication Department
Ramdan Denny Prakoso
Executive Director
Tel: +62 (21) 131
E-mail: bicara@bi.go.id
Bank Negara Malaysia
Strategic Communications Department
E-mail: communications@bnm.gov.my
