BTN CEO says adjustment to RBB POJK regulation details government programmes
Jakarta (ANTARA) - The President Director of PT Bank Tabungan Negara (Persero) Tbk, Nixon LP Napitupulu, views the adjustment to the Financial Services Authority’s (OJK) Regulation (POJK) on Bank Business Plans (RBB) as simply detailing the bank’s support for various government programmes that it has already been implementing.
“I have read it; in the new RBB regulation, there will be an attachment sheet regarding the government programmes carried out by the bank. So it’s just more detailed, stated there. So there is a special attachment,” said Nixon in response to a journalist’s question during a press conference in Jakarta on Wednesday.
He emphasised that the company has long supported various government programmes, from the distribution of FLPP subsidised mortgages, People’s Business Credit (KUR), to housing programme credit (KPP).
Therefore, according to him, including credit provision plans in the upcoming RBB only clarifies what has already been ongoing.
As a state-owned bank, Nixon assured that support for national interests is certain and forms the company’s primary programme, so the portion of such financing is indeed substantial.
“For us, this is nothing new; it’s just detailing in the RBB attachment regarding the implementation or work plans related to government programmes in 2026, 2027, and beyond,” said Nixon.
Previously, the Financial Services Authority (OJK) is adjusting the POJK on RBB to encourage banks to participate more in distributing credit for government priority programmes.
“We are designing a Draft POJK for the adjustment of RBB provisions. In it, how we support banks to engage more in government priority programmes such as MBG, 3 Million Houses, Kopdes, and others; we are also preparing that in the RPOJK RBB provisions,” said OJK Commissioner Chairman Friderica Widyasari Dewi at the Indonesia Outlook event in Jakarta on Tuesday (7/4).
When asked by journalists about the Draft POJK (RPOJK), Friderica, or familiarly known as Kiki, explained that financing for priority programmes is not mandatory, but the regulator encourages it.
“Not mandatory, but we encourage it. Everything must align with their (banks’) risk management and risk appetite,” she said.
Furthermore, Kiki conveyed that OJK is currently not only focused on maintaining financial system stability but also pushing the financial services sector to play a greater role in national development.
“For SMEs, for example, we must encourage it; there must be a bias towards SMEs. Otherwise, the figures will stay the same,” she said.
Regarding the POJK adjustment, OJK is opening public comments on the draft regulation, as announced on its official website. One highlighted aspect is the detailing of fund placement plans in the RBB.
In Article 12 of POJK 5/2016, those plans must at least include plans for providing funds to related parties; plans for credit or financing to core debtors; credit plans based on specific business activities; credit plans based on business fields, types of use, provinces, and contract types; credit plans to SMEs; plans for fund placement in securities; and other fund placement plans.
In the RPOJK RBB draft, besides retaining the credit plan details as regulated in POJK 5 of 2016, there is an expansion in the scope of fund placement details, including export-import financing plans; KUR distribution plans; and other credit provision plans, including credit under government programmes.
The draft provisions exemplify government programme credit such as housing programme credit, food and energy resilience credit, and cattle breeding business credit.
In addition to the added fund placement details, the latest RPOJK includes provisions where banks must outline dividend distribution plans in the management policy and strategy sheet.
The RPOJK draft states that this outline must at least include information on the general policy governing dividend distribution.