OJK Reveals Preparations For The Launch Of The Gold Bank Are Ready

Illustration (Photo: Doc. ANTARA)

JAKARTA - The Financial Services Authority (OJK) revealed that it has coordinated with relevant ministries/agencies at the launch of the Golden Bank which was scheduled for Wednesday, February 26.

"Of course, everything we prepare for continues to coordinate with the coordinating minister, we have done it. Hopefully, there will be no problems at all, if I see the preparations have been very good and what we aspire to really achieve better management of our gold assets," said the Chief Executive of the Banking Supervisory (PBKN) OJK Dian Ediana Rae to the media crew at the Palace, Monday, February 24.

Dian said that Bank Emas will be one of the new products that will be directly monitored by his party because if the bank that issues the product will be under the supervision of the OJK as the institution responsible for banking.

"Actually, for us, it's a bank that is one of the business activities, if the bank is issued automatically under me," he said.

Regarding the initial launch, Dian said that currently there are only two institutions that are ready to run the Gold Bank products, namely Pegadaian and Bank Syariah Indonesia (BSI).

However, Dian added that in future developments there will be more institutions that join.

"Yes, there are two who are ready, but maybe later there will be others," he concluded.

Previously, Dian said that OJK had approved PT Bank Syariah Indonesia (BSI) for Bullion's Business Activities which were submitted to the OJK on January 17, 2025.

"Following up on the BSI licensing application for Bulion Business Activities submitted to the OJK on January 17, 2025, the OJK has given approval on February 12, 2025," he explained in a written statement, Friday, February 21.

In the future, Dian conveyed that the business prospects for Bullion Bank are expected to be better because based on the results of research conducted, the bullion effort can maximize the added value of gold resources in Indonesia or gold from mining and gold stocks owned by the community.

"The development of the Bulion business will provide benefits for three parties, namely the government, the community and business actors, as well as the Financial Services Institution (LJK)," he explained.

In addition, Dian said that Bullion's efforts could potentially increase retail gold consumption which would spur an increase in the gold industry and the entire business in the gold ecosystem that is accommodated with additional added value (VA) of up to IDR 30 trillion to IDR 50 trillion.

"The potential will certainly be very large, supported by the current business development ecosystem of the bullion bank, including producers, refiners, manufacturers, wholesales and retailers as well as people who make precious metals a means of investment and business development," he said.