OJK Calls Capital Market Investors In Ciayumajakuning Tembus 301,598 People

JAKARTA - The Office of the Financial Services Authority (OJK) of Cirebon, West Java, noted that the number of capital market investors in its area had reached 301,598 people as of June 2024, based on data shown by Single Investor Identification (SID).

Head of OJK Cirebon Agus Muntholib said the number of investors had grown by 5.66 percent since the beginning of this year, all of which were in Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) areas.

"Although the number of capital market investors has increased, the accumulated value of stock transactions has decreased by Rp188.04 billion or 18.35 percent since early 2024," he said as quoted by ANTARA, Friday, September 13.

Of the total investors, he said, some of them are young people in Ciayumajakuning who are already interested in investing in the capital market.

Agus said that young people's interest in investing could arise, because the Cirebon OJK together with the Indonesia Stock Exchange (IDX) in West Java has intensified educational programs related to ease of investment in the capital market.

To date, his party has carried out 71 offline and online educational activities with a total of 23,409 participants from various groups such as students, students, and special segments, namely people with disabilities.

In addition, he said OJK Cirebon had launched a special program to attract more young people to be interested in investing in the capital market because it was considered quite easy for novice investors.

"We have carried out seven activities in collaboration with the West Java IDX, to hold a Capital Market School (SPM) in the Ciayumajakuning area," he said.

Not only capital market investors, but OJK Cirebon also recorded positive developments on the performance of 19 People's Credit Banks (BPR) in Ciayumajakuning until June 2024.

Agus said this development can be seen from several key indicators, although several other aspects have decreased.

He explained that one positive indicator is the increase in credit which grew 1.10 percent (year on year/yoy) to Rp2.10 trillion, along with the decline in the level of non-performing loans (NPL) from 24.8 percent to 19.78 percent.

Meanwhile, in other aspects, BPR capital is well maintained, as reflected in the Capital Adequacy Ratio (CAR) which reached 26.23 percent as of June 2024.

Agus added that the portion of BPR credit disbursement in Ciayumajakuning had contributed 12.02 percent to the total BPR credit in West Java.

"Overall, OJK Cirebon assesses the performance of the financial services sector in Ciayumajakuning until the second quarter of 2024 in a stable and maintained condition with positive growth," he said.