BI Amends Provisions on the Fulfillment of RPIM by Banks

In an effort to encourage more optimal contributions from banks as regards fulfillment of the macroprudential inclusive financing ratio, Bank Indonesia (“BI”) recently issued Regulation No. 24/3/PBI/2022 (“Regulation 3/2022”), which amends Regulation of BI No. 23/13/PBI/2021 (“Regulation 13/2021”)[1] on the macroprudential inclusive financing ratio (rasio pembiayaan inklusif makroprudensial – “RPIM”) for conventional commercial banks (bank umum konvensional – “BUK”), sharia commercial banks (bank umum syariah – “BUS”) and sharia business units (unit usaha syariah – “UUS”).[2]