Indonesia's OJK Drives Major Financial Sector Reforms and Initiatives

The Financial Services Authority (OJK) announced several actions that shape Indonesia’s banking and finance landscape in 2026. It revoked the licences of nine rural banks and Sharia rural banks (BPR and BPRS) that failed to meet capital and liquidity standards, citing persistent deficits in capital adequacy and cash ratios. At the same time, OJK confirmed that the placement of Rp 381 trillion of the Saldo Anggaran Lebih (SAL) in state‑owned banks (Himbara) is no longer a point of contention after the Finance Ministry extended the arrangement, and it urged a phased withdrawal of the funds to match asset‑liability structures.

OJK also reported that overall credit growth reached 11.5 % year‑on‑year, amounting to about Rp 8.6 quadrillion, while the quality of loans and liquidity of banks remained sound. The agency highlighted a decline in the unbanked population, with two million fewer people lacking a bank account, leaving roughly 15 million still excluded. In coordination with the Ministry of Finance, OJK supported the establishment of the International Financial Center (PFII) and its synergy with Special Economic Zones (KEK) to attract foreign investment and strengthen the real‑sector financing.

Other financial‑sector developments included Bank BSN’s target of Rp 87 trillion in total assets by year‑end, a push for the KUR programme to disburse Rp 295 trillion (65 % to production), BRI’s field officers expanding micro‑finance and digital services in rural areas, and Mega Syariah’s 17.7 % rise in consumer financing driven by gold loans. Collaborative efforts between PERBANAS, OJK and the Ministry of Communication and Digital also intensified to combat online scams and gambling.