OJK has officially launched a Roadmap for Indonesian Banking Development (RP2I) 2021 – 2025 for the Rural Banks (BPR) and Sharia Rural Banks (BPRS). BPRs and BPRS are expected to unlock synergies from the wider financial services ecosystem, and increase its reach across Indonesia. The roadmap also guides BPRs and BPRS to channel credit to borrowers outside their operational areas, through partnerships with fintech lending and syndication of BPRs. The roadmap has four key areas: 1) strengthening capital pools, 2) accelerating digital transformation, 3) strengthening the role of BPR and BPRS in respective regions, and 4) improved regulation, licensing and supervision for market actors.
