The Indonesia Financial Services Authority, OJK, published the outcome of its April monthly board meeting, concluding that Indonesia's financial services sector remained stable despite continued global geopolitical, inflation and monetary policy uncertainty. OJK said domestic growth remained solid and banking intermediation stayed positive, with March credit up 9.49 percent year on year to IDR 8,659 trillion and deposits up 13.55 percent to IDR 10,231 trillion, while gross non-performing loans were 2.14 percent and the capital adequacy ratio was 25.09 percent. Capital markets remained volatile, with the Jakarta Composite Index down 1.30 percent month on month in April, but liquidity was described as manageable, mutual funds recorded IDR 8.11 trillion of net subscriptions in the month, insurance risk based capital stayed above the 120 percent threshold, and the online lending TWP90 ratio was 4.52 percent. OJK paired the assessment with several operational and policy changes. The package included extending the deadline for insurers and reinsurers to file audited 2025 annual financial statements to 30 June 2026 from 30 April 2026 to support readiness for PSAK 117, and pushing back the deadline for general insurers and sharia general insurers selling credit insurance or suretyship, and guarantee and sharia guarantee companies, to become reporters in the Financial Information Service System, SLIK, to 31 December 2027 from 31 July 2025. It also adjusted SLIK to display only credit or financing above IDR 1 million and to require repayment status updates within three business days after settlement, issued a Banking in Social Media Guideline for commercial banks, launched 2026-2030 roadmaps for capital market based derivatives and sustainable capital markets, and implemented QR code verification on insurance broker registration certificates. Existing stock market stabilisation tools were extended, including share buybacks without shareholder meeting approval, the delayed introduction of short selling financing, trading halts and auto rejection limits. OJK also outlined upcoming rulemaking on financial groups, bank business plans, financial reporting integrity for insurers, guarantors and pension funds, venture capital firms, tokenised real world assets, and governance and risk management for digital financial asset traders. On supervision and enforcement, it revoked PT BPR Sungai Rumbai's banking licence, kept eight insurers and reinsurers and eight pension funds under special supervision, sanctioned firms across the capital markets, financing and digital asset sectors, asked banks to block about 33,252 accounts linked to online gambling, and said it was conducting a special examination of PT Indosaku Digital Teknologi over alleged debt collection misconduct.
OJK 2026-05-05
Indonesia Financial Services Authority says financial sector remained stable and extends insurer filings and SLIK reporting deadlines
Indonesia’s Financial Services Authority (OJK) said the financial system remains stable, with solid credit growth, strong capital and manageable asset quality despite global uncertainty and market volatility. OJK announced extended reporting deadlines for insurers, changes to the Financial Information Service System, new banking social media guidance, capital market roadmaps, enhanced insurance broker verification and extended stock market stabilisation tools. It also flagged upcoming rules on financial groups, digital and tokenised assets and governance, and detailed licence revocations, special supervision of insurers and pension funds, cross‑sector sanctions and action against online gambling‑related accounts.