Indonesia’s central bank has lifted its temporary ban on banks’ soliciting for new priority banking and wealth management clients that it had imposed on institutions at a time when it had slapped a year-long ban on Citigroup.

Bank Indonesia said it had checked the policies, systems and procedures of 23 banks that operate wealth management and priority banking. From 3 June, its ban on such firms attracting new business ended.

“Banks that have made improvements on the findings of Bank Indonesia and are now fully prepared in terms of their policies, systems and procedures as well as internal supervision will be permitted to accept new priority banking/wealth management customers as normal,” the central bank said in a release.

“Meanwhile, banks that have not completed follow-up actions on Bank Indonesia’s findings and, therefore, continue to suffer from weaknesses in their policies, systems and procedures as well as internal supervision are still not permitted to accept new priority banking/wealth management customers until a time when the necessary improvements have been made,” it said, while not identifying such banks by name.

On 6 May, Bank Indonesia slapped a 12-month ban on Citigroup from soliciting new premium banking clients due to the “problems plaguing Citibank associated with priority services (Citigold) and credit cards”, according to the wording of the central bank’s statement in early May.

In that statement, Bank Indonesia said its checks on Citigroup had “unearthed violations of internal bank regulations and exposed weaknesses in the application of risk management”.

Citigroup cannot acquire new Citigold clients for one year, while credit card issuance to new clients has been suspended for two years, and credit card billing services by third parties has been banned for two years.