OJK Allows BPR To Carry Out Public Offering Effects Through The Capital Market

Pic : OJK

JAKARTA - The People's Economy Bank (BPR) and Sharia People's Economy Bank (BPR Syariah) industries are officially allowed to take the floor on the stock exchange. This is based on a new regulation issued by the Financial Services Authority (OJK) in the form of the Financial Services Authority Regulation Number 7 of 2024 (POJK 7/2024).

Meanwhile, one of the points in the new regulation is the opportunity for BPR and Sharia BPR to expand access to capital through public offering effects through the capital market, both in the form of equity and debt securities.

In the regulation, there are five conditions that need to be met by BPR and Sharia BPR to expand access to capital, namely the first, the public offering plan has been included in the business plan.

Then, BPR and BPR Syariah which plan to offer securities in the capital market need to meet the core capital that has been determined as to the core capital that must be owned at least IDR 80 billion.

In addition, BPR and BPR Syariah must have a governance assessment with the second-ranked lowest predicate in the last two periods.

Furthermore, the risk profile assessment and health level are also the second-rankedest in the last two periods.

OJK Banking Supervision Chief Executive Dian Ediana Rae said POJK 7/2024 is aimed at continuing to encourage BPR and Sharia BPR to grow and develop into financial institutions with integrity, adaptiveness, and competitiveness and is expected to be able to contribute to providing financial services to the community, especially micro and small business actors in their area.

This provision is important because it will change the industrial landscape of BPR and BPR Syariah in the face of challenges and competition in the future. The issuance of this OJK Regulation and efforts to strengthen are expected to increase public trust in BPR or BPR Syariah," he said in his statement, quoted on Sunday, May 19.

Dian hopes that this POJK can increase the level of playing field of BPR and BPR Syariah as well as strengthen the capital capacity of the BPR and Sharia BPR industries.