{
    "success": true,
    "data": {
        "id": 1872387,
        "msgid": "ojk-approves-merger-of-bprs-rizky-barokah-into-pnm-mentari-1784635076",
        "date": "2026-07-21 18:18:05",
        "title": "OJK approves merger of BPRS Rizky Barokah into PNM Mentari",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Banking",
        "summary": "Indonesia's Financial Services Authority has approved the merger of sharia rural bank BPRS Rizky Barokah into BPRS PNM Mentari to strengthen the competitiveness of the financial industry. The consolidation aims to boost capital capacity, expand access to quality sharia financial services, and enhance institutional resilience. The regulator expects the merged entity to improve business capacity through digital services and a wider network.",
        "content": "<p>Tasikmalaya (ANTARA) - The Financial Services Authority (OJK) has\napproved the merger of PT Bank Perekonomian Rakyat Syariah (BPRS) Rizky\nBarokah, based in Tangerang, Banten, into PT BPRS PNM Mentari, which is\nheadquartered in Garut Regency, West Java, in a move to strengthen a\ncompetitive financial industry structure. \u201cThis sharia BPR merger is an\nimportant momentum to strengthen industry resilience, increase capital\ncapacity, and expand public access to quality sharia financial\nservices,\u201d said Head of OJK Tasikmalaya, Nofa Hermawati, during the\nhandover of the decision letter at the OJK Tasikmalaya Office, West\nJava, on Tuesday. She stated that the approval was granted through\nDecision of the OJK Board of Commissioners Member Number\nKEP-55\/D.03\/2026 dated 13 July 2026. The consolidation of sharia BPRs is\na strategic step to enhance industry resilience while expanding its\ncontribution to the economy. The merger, she continued, is to comply\nwith the provisions of OJK Regulation Number 7 of 2024 concerning Rural\nBanks and Sharia Rural Banks, while also supporting industry\nstrengthening through increased business capacity, capital structure,\ngovernance, and service quality to the public. \u201cOJK will continue to\noversee the consolidation process to ensure it proceeds according to\nregulations, resulting in a sharia BPR that is healthy, adaptive, and\ncapable of providing added value to the community and the regional\neconomy,\u201d Nofa said. She conveyed that besides strengthening the\ninstitutional structure, the merger is expected to increase the business\ncapacity of the sharia BPR through the expansion of service networks,\ndevelopment of digital services, increased public trust, and the\nprovision of more innovative and inclusive sharia financial products and\nservices. OJK also requested the management of PT BPRS PNM Mentari, as\nthe resulting entity of the merger, to immediately follow up on various\ninstitutional strengthening measures, including improving the cash\nratio, resolving financing quality, and settling non-performing\nfinancing. OJK will continue to encourage the consolidation of the BPR\nand sharia BPR industry in line with the policy direction for\nstrengthening the banking sector, in order to create a more robust,\nefficient, and competitive industry capable of expanding financial\ninclusion and supporting financing for productive sectors for national\neconomic growth.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-approves-merger-of-bprs-rizky-barokah-into-pnm-mentari-1784635076",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}