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Ada Pertanyaan? Hubungi Kami Robert Sidauruk, Fathan Qorib
The Financial Services Authority (OJK) is currently preparinganIndonesia Financial ServicesMaster Plan (“Master Plan”) which is expected to be issued in early 2015 as “new year gift” for banks in Indonesia. Under the Master Plan,theOJK estimatesthat the number of banks in Indonesia may be reduced to between50 – 60 banks from the current 119 banks, due to changes being considered related to provisionson banks’core capital.
According to Nelson Tampubolon, Executive Chairman for Bank Supervision at the OJK, the Master Plan will incentivizebanks to either merge or acquire other banks(M&A) inan effort to strengthen their capital. ThisM&Aactivitywill beimplementedgradually and is expected to be completed over the next 10 years.
“We are aimingfor a strong banking industry, which can only be achieved through strong core capital. The Master Plan is now being finalized and is scheduled to be issued in early 2015,” said Mr. Tampubolon in Jakarta last Friday.
Mr. Tampubolon further indicatedthat the OJK is currently conducting further research on the implementation of the Master Plan. For instance, the OJK is consideringredefingprovisionson banks that are categorized as BUKU I—banks with core capital less than IDR 1 trillion. In the future, BUKU I banks must inject new capital or merge withother banks to strengthen their capitalbase.
While focusing on BUKU I banks, Mr. Tampubolon explained that the Master Plan will also coverBUKU II and IIIbanks. Mr. Tampubolon further addedthat by reducing the number of banks, competition between banks will be reducedand the OJK will be able to more easilysupervise thebanking sector.
Supporting the Master Plan, Muliaman D Hadad, Chairman of the OJK’s Board of Commissioners, emphasizedthat the OJK is committed to see theM&A program for thebanking industrycome to fruition. Mr. Hadad acknowledged, however, that such actionsmust be performed in a prudent and cautious manner.
As part ofencouragingM&A in thebanking industry, Mr; Hadad expectsthat state-owned banks will act as pioneers given theyhavestronger core capital and will likely be a role model forsmaller banks.
“We will continue the M&A program for thebanking industry carefully. We wouldalsoencourage state-owned banks to be the anchor forthisprogram,” added Mr. Hadad.
(hot/kc)
Robert Sidauruk, Fathan Qorib
The Financial Services Authority (OJK) is currently preparinganIndonesia Financial ServicesMaster Plan (“Master Plan”) which is expected to be issued in early 2015 as “new year gift” for banks in Indonesia. Under the Master Plan,theOJK estimatesthat the number of banks in Indonesia may be reduced to between50 – 60 banks from the current 119 banks, due to changes being considered related to provisionson banks’core capital.
According to Nelson Tampubolon, Executive Chairman for Bank Supervision at the OJK, the Master Plan will incentivizebanks to either merge or acquire other banks(M&A) inan effort to strengthen their capital. ThisM&Aactivitywill beimplementedgradually and is expected to be completed over the next 10 years.
“We are aimingfor a strong banking industry, which can only be achieved through strong core capital. The Master Plan is now being finalized and is scheduled to be issued in early 2015,” said Mr. Tampubolon in Jakarta last Friday.
Mr. Tampubolon further indicatedthat the OJK is currently conducting further research on the implementation of the Master Plan. For instance, the OJK is consideringredefingprovisionson banks that are categorized as BUKU I—banks with core capital less than IDR 1 trillion. In the future, BUKU I banks must inject new capital or merge withother banks to strengthen their capitalbase.
While focusing on BUKU I banks, Mr. Tampubolon explained that the Master Plan will also coverBUKU II and IIIbanks. Mr. Tampubolon further addedthat by reducing the number of banks, competition between banks will be reducedand the OJK will be able to more easilysupervise thebanking sector.
Supporting the Master Plan, Muliaman D Hadad, Chairman of the OJK’s Board of Commissioners, emphasizedthat the OJK is committed to see theM&A program for thebanking industrycome to fruition. Mr. Hadad acknowledged, however, that such actionsmust be performed in a prudent and cautious manner.
As part ofencouragingM&A in thebanking industry, Mr; Hadad expectsthat state-owned banks will act as pioneers given theyhavestronger core capital and will likely be a role model forsmaller banks.
“We will continue the M&A program for thebanking industry carefully. We wouldalsoencourage state-owned banks to be the anchor forthisprogram,” added Mr. Hadad.
(hot/kc)