Indonesia's Financial Services Authority (OJK) published the outcomes of its June 2025 monthly board meeting, concluding that the financial services sector remained stable despite weaker global conditions and heightened geopolitical tensions. The update combines sector-by-sector risk monitoring with supervisory actions, enforcement outcomes and near-term regulatory priorities spanning banking, capital markets, insurance, non-bank finance and digital finance. Banking intermediation remained steady, with credit up 8.43% year on year in May 2025 to IDR 7,997.63 trillion, gross non-performing loans at 2.29% and capital (CAR) at 25.51%, while bank Buy Now Pay Later balances rose 25.41% year on year to IDR 21.89 trillion. In markets, the equity index fell 3.46% month to date in June (to 6,927.68) and non-residents recorded IDR 8.38 trillion net sells; capital markets fundraising totalled IDR 142.62 trillion, including IDR 8.49 trillion from 16 new issuers, with 13 further offerings in the pipeline (indicative IDR 9.80 trillion). OJK also reported enforcement actions including IDR 10.78 billion in case-related fines in capital markets and additional fines of IDR 17.45 billion for reporting breaches, and it revoked the venture capital licence of PT Sarana Sulteng Ventura for failing to meet minimum equity requirements. In insurance and pensions, commercial insurance assets reached IDR 939.75 trillion (May 2025) and aggregate risk-based capital remained above the 120% threshold, while six insurers and reinsurers and nine pension funds were under special supervision. Consumer protection and anti-illegal activity measures included bank instructions to block around 17,026 accounts linked to online gambling and the shutdown of 1,556 illegal online lending entities and 283 illegal investment offers in the first half of 2025; the Indonesia Anti-Scam Centre recorded IDR 3.4 trillion in reported losses since launch and IDR 558.7 billion of victim funds blocked. From 31 July 2025, online lending (Pindar) operators must report to the Financial Information Service System (SLIK), alongside OJK’s push for tighter repayment-capacity assessment and e-KYC. The release also flagged ongoing regulatory work, including finalising fit-and-proper rules for key persons in the financial technology and digital asset sector and detailed AML/CFT implementation requirements for digital asset traders, and it confirmed that the planned 1 January 2026 implementation of the health insurance product circular will be deferred and reset through a new OJK regulation.

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