{
    "success": true,
    "data": {
        "id": 1794871,
        "msgid": "ojk-responds-to-state-owned-bank-share-buyback-plans-1781068815",
        "date": "2026-06-10 11:15:46",
        "title": "OJK Responds to State-Owned Bank Share Buyback Plans",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Financial Services Authority (OJK) has affirmed its support for share buybacks by state-owned banks as a means to demonstrate confidence and maintain market stability amidst current pressures. The regulator highlighted that 65 listed companies have disclosed buyback plans without a general shareholders' meeting since March 2025, allocating a total of Rp65.34 trillion. OJK emphasised its commitment to monitoring market developments and ensuring all capital market activities remain orderly, fair, and transparent.",
        "content": "<p>The Financial Services Authority (OJK) has responded to the planned\nshare buybacks by state-owned banks. Hasan Fawzi, Chief Executive of\nCapital Market, Derivative Finance, and Carbon Exchange Supervision at\nOJK, stated that the coordination and support demonstrated a shared\ncommitment to maintaining capital market stability and strengthening\ninvestor confidence amid current market dynamics. He noted that many\npublicly listed companies possess strong fundamentals and\nwell-maintained performance, supported by good operational performance,\nhealthy financial positions, and positive business prospects. \u201cIn\ncurrent depressed market conditions, investors will certainly conduct\nassessments based on reliable information, fundamental conditions, and\ncurrent share price valuations,\u201d he said in a written statement on\nWednesday. OJK respects every corporate initiative undertaken in\naccordance with prevailing laws and regulations, including corporate\nactions such as share buybacks by listed companies. \u201cIn principle, a\nbuyback can be one of the instruments used by listed companies to\ndemonstrate confidence in the company\u2019s prospects while providing\nflexibility in capital management,\u201d he stated. He continued that to\nmaintain market stability and boost investor confidence, OJK has taken\nvarious policy measures, including providing flexibility for share\nbuybacks without a general shareholders\u2019 meeting (RUPS) approval in\nsignificantly fluctuating market conditions, with a maximum amount of\n20% of paid-up capital, as stipulated in POJK 13 of 2023. \u201cThis policy\nprovides room for listed companies to show confidence in their\nperformance and fundamentals, while helping to maintain share price\nstability,\u201d he explained. He noted that from March 2025 to 18 May 2026,\nthere were 106 information disclosures regarding buybacks without a RUPS\nfrom 65 listed companies, with a total buyback fund allocation of\nRp65.34 trillion. Of these 65 companies, 64 have executed buybacks with\na realised value of Rp17.12 trillion, or 30.25%. Furthermore, there are\ncurrently 7 listed companies still within the buyback period without a\nRUPS, with an estimated value of Rp5.76 trillion. Going forward, OJK\nwill continue to closely monitor and respond to market developments and\nensure all capital market activities proceed in an orderly, fair,\nefficient, and transparent manner. \u201cOJK will also continue to strengthen\ncoordination with all stakeholders to maintain market stability, enhance\ninvestor confidence, and encourage the sustainable deepening of\nIndonesia\u2019s capital market,\u201d he concluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-responds-to-state-owned-bank-share-buyback-plans-1781068815",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}