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OJK’s Stricter Rules to Prevent Banks from Collapsing

Monday, May 6, 2024

The OJK decides on stricter supervision and capital requirements for banks, a shock absorber for the financial system but a stranglehold on small banks.

arsip tempo : 172127048173.

Illustration by Shutterstock. tempo : 172127048173.

LIKE a marathon, Bank Oke Indonesia (OK! Bank) has been focusing on strengthening its capital for the past two years. In 2022, the bank, which falls under the capital category of KBMI I (bank classification based on core capital), had just managed to raise its core equity from Rp1 trillion to Rp3 trillion (around US$63.5 million to US$190.7 million), as required by the Financial Services Authority (OJK). Last year, OK! Bank and 65 other KBMI I cl

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