OJK Revokes Pontianak Duta Niaga BPR Business License

LPS (intermediate)

JAKARTA - The Financial Services Authority (OJK) revoked the business license of PT Bank Percreditan Rakyat Duta Niaga which is located at Jalan Pangeran Natakusuma No. 80D, Sungai Bangkong Village, Pontianak Kota District, Pontianak City, West Kalimantan Province.

This is in accordance with the Decree of the OJK Board of Commissioners Number KEP-98/D.03/2024 dated December 5, 2024 regarding the Revocation of the Business License of PT Bank Percreditan Rakyat Duta Niaga.

Head of OJK West Kalimantan Province, Rochma Hidayati, said that the revocation of the PT BPR Duta Niaga business license was part of the surveillance action taken by the OJK to continue to maintain and strengthen the banking industry and protect consumers.

Rochma explained that on January 15, 2024, OJK has designated PT BPR Duta Niaga as a bank with a Bank In Restructuring (BDP) supervisory status because it has a KPMM ratio of less than 12 percent, Cash Ratio (CR) on average for the last 3 months is less than 5 percent, and the BPR Health Level (TKS) has an Unhealthy predicate.

Furthermore, on November 12, 2024, Rochma said that the OJK appointed PT BPR Duta Niaga in the Bank's supervisory status In Resolution with the consideration that the OJK had given sufficient time to the Management and Shareholders of PT BPR Duta Niaga to carry out restructuring efforts, especially in overcoming capital and liquidity problems.

This is as stipulated in the Financial Services Authority Regulation Number 28 of 2023 dated December 29, 2023 concerning the Determination of Status and Follow-up to the Supervision of the People's Economy Bank and the Sharia People's Economy Bank.

"However, the BPR Management and Shareholders cannot restore the BPR," he explained in his statement, Friday, December 6.

Then based on the Decree of the Board of Commissioners for the Deposit Insurance and Resolution Program of the Bank of Deposit Insurance Corporation Number 134/ADK3/2024 dated November 26, 2024 concerning Bank Settlement in the Resolution of PT BPR Duta Niaga, the Deposit Insurance Corporation (LPS) decided not to rescue PT BPR Duta Niaga and asked the OJK to revoke the BPR's business license.

Following up on the LPS request, Rochma conveyed the OJK based on Article 19 of the POJK above, revoking the business license of PT BPR Duta Niaga.

As for the revocation of this business license, LPS will carry out its guarantee function and carry out the liquidation process in accordance with the Law of the Republic of Indonesia Number 24 of 2004 concerning the Deposit Insurance Corporation and Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector.

Rochma conveyed that OJK continues to appeal to customers of PT BPR Duta Niaga to remain calm because public funds in Perbankan including BPR are guaranteed by LPS in accordance with applicable regulations.