OJK Revokes BPR Bali Business License Artha Anugrah

Illustration of OJK Logo. Antara/Ist

JAKARTA - The Financial Services Authority (OJK) revoked the validity business license of PT Bank Perekonomian Rakyat (BPR) Bali Artha Anugrah in Denpasar City, Bali because it was unable to overcome capital and liquidity problems.

"The revocation of the business license of PT BPR Bali Artha Anugrah is part of the supervisory action carried out by the OJK to continue to maintain and strengthen the banking industry and protect consumers," said Bali OJK Head Kristrianti Puji Rahayu as reported by ANTARA, Thursday, April 4.

On September 19, 2023, OJK determined BPR Bali Artha Anugrah in the status of bank supervision in restructuring with the consideration that the health level has an unhealthy predicate.

Then on March 19, 2024, OJK determined BPR Bali Artha Anugrah in the status of bank supervision in a resolution with the consideration that OJK had

giving time according to the provisions to the board of directors, commissioners and BPR shareholders to make restructuring efforts including overcoming capital and liquidity problems.

However, Puji said that the board of directors, board of commissioners and shareholders of BPR Bali Artha Anugrah could not restore the company.

The Deposit Insurance Corporation (LPS) also decided not to rescue BPR Bali Artha Anugrah and asked the OJK to revoke the BPR's business license.

Following up on the LPS request, OJK revoked the Bali BPR business license Artha Anugrah. With the revocation of this business license, LPS will carry out the guarantee function and carry out the liquidation process according to the provisions.

OJK appealed to BPR customers to remain calm because public funds in banks including BPR are guaranteed by LPS in accordance with applicable regulations.