OJK: No Written Requests Related To The BTN Merger Plan With Bank Muamalat

Illustration. (Photo: Doc. Antara)

JAKARTA - The Chief Executive of Banking Supervision of the Financial Services Authority (OJK) Dian Ediana Rae said that until now there has been no written application regarding the planned merger of BTN Syariah and Bank Muamalat. "Currently, there has been no written application regarding the corporate action plan. However, both parties have communicated with the OJK," said Dian in Jakarta, quoted from Antara, Thursday, February 22. Dian said that if a bank submitted the application to the OJK, then his party would immediately evaluate and process it according to applicable regulations. Regarding efforts to develop and strengthen the Islamic banking industry, OJK will support consolidation steps that will be taken in the context of developing Indonesian Islamic banking.

"With this consolidation effort, it is hoped that the future Islamic banking market structure will be more ideal with the presence of several large-scale Islamic banks that are more competitive," he said.

OJK will continue to increase its strengthening of the role of Islamic financial services institutions in the economy, including through strengthening the structure and competitiveness of the sharia banking industry through consolidation, implementation of the spin off of Islamic business units, and strengthening the characteristics of Islamic finance through the establishment of the Sharia Financial Development Committee. "We hope that in the not too distant future there should be approximately two or three Islamic banks that are least close to BSI or allow it to exceed BSI," he said.