OJK Optimistic Banking Can Fulfill Core Capital Provisions Of IDR 3 Trillion

JAKARTA - Chief Executive of Banking Supervision of the Financial Services Authority (OJK) Dian Ediana Rae said that almost all banks can meet the minimum core capital requirement of IDR 3 trillion on December 31, 2022, based on OJK Regulation Number 12 of 2020.

"Based on our data, we are optimistic that almost everyone can meet the core capital of IDR 3 trillion. I see that map, I see that almost everything can be done," said Dian after the opening of the 50th ASEAN Banking Council Meeting in Labuan Bajo, East Nusa Tenggara, quoted from Antara, Friday 2 December.

He said the core capital provisions were absolutely carried out to strengthen bank resilience from global economic turmoil and competition between banks, which among other things was carried out through consolidation.

"Yesterday, actually, consolidation was not carried out formally, but there were banks that would consolidate. We will also consolidate it at the BPR (People's Credit Bank)," he added.

The amount of BPR which reaches around 1,600 is expected to be able to consolidate so that it will contribute to the economy in each operational area.

"If we trace it even more, so that they can consolidate, it will be better. The BPR should not be small, there will be big ones too. So we will consolidate it," he added.

Meanwhile, according to him, the government will soon form a business group for the Regional Development Bank (BPD).

"Thus, BPDs between provinces can help each other. If BPD liquidity in one area is lacking, it can flow from other places," he said.