OJK: There are 8 Pinter Lending Organizers who are under Special Supervision

Illustration. (Photo: Dok. Antara)

JAKARTA - The Financial Services Authority (OJK) revealed that there are currently eight online loan providers (pindars) under the special supervision of the authority, with the main factor being capital problems and/or high levels of aggregate default credit risk (TWP90).

The Head of the Executive Director of the Financial Institution Supervisory Board, Venture Capital Company, Micro Finance Institution, and Other Financial Services Institution, OJK Agusman, quoted by Antara, Monday, June 8, said that each organizer under special supervision would first be directed to take corrective steps in accordance with the provisions.

This includes meeting capital requirements and improving the quality of financing, before taking further steps in accordance with the results of OJK supervision, including revoking business permits.

In general, OJK noted that currently there are 14 out of 94 pindar organizers who have not fulfilled the minimum equity obligation of IDR 12.5 billion.

Agusman explained that the ability of organizers to meet minimum equity requirements is influenced by the conditions and characteristics of the business, including performance, business prospects, and capital strategies such as capital additions by shareholders, the entry of new investors, or corporate actions such as mergers, which consider several aspects including risk profiles and market conditions.

He added that governance and business models are important factors that investors consider in assessing the feasibility of capital.

Therefore, all organizers are encouraged to continue to strengthen governance, risk management, and compliance with applicable provisions, so that they can increase investor confidence while strengthening industry resilience and consumer protection.

In terms of credit quality, OJK noted that there were 19 pindar organizers with TWP90 above 5 percent as of April 2026.

According to Agusman, the change in the number of organizers with TWP90 above 5 percent is influenced by, among others, the quality of financing and the borrower's ability to pay.

"The future pindar industry TWP90 is expected to remain maintained even though it is influenced by the dynamics of the economy and the quality of risk management of each organizer," he said.

To maintain the TWP90 level, pindar organizers are encouraged to strengthen risk management, data-based credit scoring, as well as strengthening billing and prudence principles.

The outstanding financing in April 2026 grew 26.11 percent year on year (yoy) to reach IDR 102.07 trillion, with TWP90 recorded at 4.62 percent.

In the same period, the pindar industry recorded a significant annual profit growth of 71.43 percent (yoy) to IDR 0.96 trillion.

In terms of funding, banking lenders still dominate reaching Rp66.25 trillion or with a share of 75.59 percent, among others, influenced by the considerable funding capacity and liquidity stability. Meanwhile, individual lenders were recorded at Rp3.33 trillion.

"The sources of funding for the pindar industry in the future will be increasingly diverse, both from individual and institutional lenders. In line with the strengthening of the role of professional lenders, organizers also have the potential to expand the funding base from institutional lenders to support the quality and sustainability of funding in the pindar industry," said Agusman.