Indonesia’s Financial Services Authority published its July financial-sector assessment, finding stability was maintained despite geopolitical uncertainty, higher oil prices and persistent global risk premiums. Bank lending growth accelerated to 12.67% year over year in June, while the gross nonperforming loan ratio fell to 2.09% and the capital adequacy ratio remained at 23.70%. Banking liquidity declined as credit outpaced deposit growth but stayed above regulatory thresholds. In July, the benchmark stock index rose 10.51% month over month and foreign investors recorded net equity purchases of IDR 1.62 trillion, although the index remained down 27.88% for the year. The authority also introduced several policy and regulatory measures. Pension benefits derived from severance, long-service awards or compensation for lost rights may be paid as a lump sum or periodically at the beneficiary’s choice, without the previous limits on lump-sum payments, subject to OJK approval of amendments to the pension fund rules. OJK extended the deadline for insurers and reinsurers to submit first-half 2026 business-plan realization reports to Aug. 31 to support implementation of the insurance contracts accounting standard. It also issued revised carbon exchange rules and technical requirements, centralized electronic incidental reporting requirements for capital-market entities and professionals effective Oct. 1, and guidance covering anti-money laundering controls for trustees and internal controls for securities underwriters. A new task force will prepare the regulatory and supervisory framework for mineral and strategic commodity exchanges. Enforcement actions included revoking the licenses of two rural banks and requiring banks to conduct enhanced due diligence or block about 36,735 accounts suspected of online gambling activity. The Illegal Financial Activities Eradication Task Force had stopped 951 illegal online lenders, 240 illegal investment offerings and 27 illegal pawn businesses in 2026 through July 30, and separately halted the unlicensed Snapboost investment scheme. Since its launch, the Indonesia Anti-Scam Center had blocked 604,923 reported accounts containing IDR 723.7 billion and returned IDR 204.3 billion to victims.
OJK2026-08-04
Indonesia’s Financial Services Authority finds financial sector stable, sets new market and pension measures
Indonesia’s Financial Services Authority assessed the financial sector as stable, with bank credit growing 12.67% year over year and capital and liquidity remaining above regulatory thresholds. It revised pension payout policy, issued new carbon exchange and capital-market reporting requirements, and extended an insurer reporting deadline to Aug. 31. Enforcement included two rural bank license revocations and action against suspected gambling accounts, illegal financial businesses and scams.