Indonesia's Financial Services Authority (OJK) published the outcomes of its Monthly Board of Commissioners Meeting of 29 October 2025, concluding that financial sector stability remained intact while setting out recent supervisory actions, enforcement outcomes, and regulatory measures across capital markets, banking, insurance, financing institutions, and digital finance. Domestic market indicators were reported as strengthening in October, with the Jakarta Composite Index closing at 8,163.88 and average daily equity trading value reaching an all-time high of IDR 25.06 trillion. In banking, credit grew 7.70% year on year to IDR 8,162.8 trillion (September 2025), with gross non-performing loans at 2.24% and capital adequacy at 26.15%. The release also detailed enforcement actions, including capital market, financial derivatives and carbon exchange administrative fines totalling IDR 2.415 billion to 10 parties during October, the revocation of PT Bank Perekonomian Rakyat Artha Kramat’s banking licence on 14 October 2025, instructions to banks to block around 29,906 accounts linked to online gambling and apply enhanced due diligence, and PVML measures including business activity restrictions on PT Dana Syariah Indonesia from 15 October 2025 and licence revocations for PT Sarana Aceh Ventura and peer-to-peer lender PT Crowde Membangun Bangsa. On the regulatory agenda, OJK highlighted issuance of a 2025–2030 pawnshop sector roadmap, new minimum standards for bank account management including dormant accounts, and a new framework for online bank reporting via OJK’s APOLO system which replaces the prior reporting rule. It also published a consultative paper for version 3 of the Indonesia Sustainable Finance Taxonomy, targeted for issuance in 2026, and confirmed that OJK Circular Letters will be replaced by Board Member Regulations effective 1 January 2026, alongside ongoing work to finalise a 2026–2030 securities-based financial derivatives roadmap and draft rules for digital asset offerings and amendments to the digital asset and crypto trading framework.
OJK 2025-11-07
Indonesia's Financial Services Authority reports October 2025 financial sector stability and issues new standards for bank account management and digital reporting
Indonesia's Financial Services Authority (OJK) reported financial sector stability after its October 2025 meeting, noting strengthened domestic market indicators and 7.70% year-on-year credit growth. Key actions included administrative fines, banking licence revocations, and enhanced due diligence for accounts linked to online gambling. Regulatory updates featured a pawnshop sector roadmap, new bank account management standards, and a consultative paper for the Indonesia Sustainable Finance Taxonomy.