OJK noted that the total disbursement of loans restructured by banks in July 2021, showed a drop to US$ 54.6 billion (IDR 778.9 trillion). However, they highlighted the risk of non-performing loans (NPLs) in the banking sector. The July NPL
The Financial Services Authority (OJK) reported that the realization of bank credit in July slowed down, despite its 0.5% year-on-year growth. OJK chairman, Wimboh Santoso, mentioned that the private commercial banks’ lending is contracting at 2.62% year-on-year, and 4.5% year-to-date.
The Financial Services Authority (OJK) has extended credit restructuring until 2023 as banks are showing signs of solid risk management. Credit restructuring has declined and bank reserves have increased. OJK reported a total of USD 54.5 billion (IDR 778 trillion)
The Financial Services Authority (OJK) has extended the grace period for banks’ credit restructuring by an additional year to March 31, 2023. Chairman of the OJK Board of Commissioners, Wimboh Santoso, explained that this was to accelerate national economic recovery.
OJK requires the banking industry to implement a climate-resistance risk management strategy. This regulation requirement is part of OJK’s commitment to a sustainable economy, and to encourage capital flow to sustainable public investment, private investment, infrastructure development, human resource development.
OJK will be announcing the core capital requirements for digital banks, and explicit regulations concerning the incorporation of digital banks. The blanket capital requirements for fully digital banks is at IDR 10 trillion, or US$ ~700 million. This requirement is
The Financial Services Authority, OJK, has prepared six strategic policies in collaboration with Bank Indonesia to maintain financial stability amidst the implementation of “Restrictions on Community Activities” (PPKM). The government hopes that this year’s economy will still be able to
OJK forecasts bank credit to grow by only 6% (+/-1%), lower than the target of 7%. Wimboh Santoso, OJK chairman, highlighted that the current spike in Covid-19 cases has further reduced credit-appetite from corporate debtors. These corporations tend to be
The 7 banks are BCA Digital, BRI, Bank Neo Commerce, Bank Capital, Bank Harda Internasional, Bank QNB Indonesia, and Bank KEB Hana. There are already 5 digital banks – Jenius from Bank BTPN, Wokee from Bank Bukopin, Digibank from DBS
OJK plans to revise its current regulation that will allow fintech lenders to get a licensed status without needing to go through the preliminary “registered” entity status. Despite the reduction in bureaucracy, fintech lenders need to go through a fit
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