Five Banks in Sumatra Merged into One to Strengthen MSMEs

The Financial Services Authority (OJK) has approved the merger of PT BPR Mindosari (Bengkulu Province), PT BPR Rap Ganda (Jambi Province), PT BPR Tiurganda (South Sumatra Province), PT BPR Lipatganda (Lampung Province), and PT BPR Tahuan Ganda (Lampung Province) into PT BPR Mangatur Ganda (North Sumatra Province). The move is part of a sustainable banking industry consolidation effort to strengthen capital and increase business scale. The OJK hopes this corporate action will contribute maximally to boosting the community’s economy, particularly in channelling financing to the real sector of micro, small, and medium enterprises (MSMEs). The approval was set out in the Decree of the OJK Board of Commissioners Member Number KEP-45/D.03/2026 dated 19 June 2026. The Head of OJK for North Sumatra Province, Triyoga Laksito, personally handed over the decree to the management and prospective management of PT BPR Mangatur Ganda (the merged entity) at the OJK North Sumatra Office on Monday (29/6). In his directive, Triyoga stated that the merger takes effect from the date of approval of the amendment to the merged BPR’s Articles of Association by the Minister of Law of the Republic of Indonesia. This merger represents a breakthrough in BPR business development as it expands market share and operational areas to cover five provinces on the island of Sumatra. ‘This merger is one of the breakthroughs in developing BPR business activities because it expands market share and operational areas to cover five provinces on Sumatra. Therefore, the implementation of strong governance, risk management, and compliance aspects, as well as a dynamic business strategy that is responsive to the needs of the community in each region, are important factors for the BPR to remain adaptive, competitive, and able to compete with other financial service institutions,’ Triyoga said. In line with one of the pillars of the 2024-2027 Roadmap for the Development and Strengthening of the BPR-BPR Syariah Industry, namely strengthening structure and competitiveness through the acceleration of BPR and BPR Syariah consolidation, this merger corporate action is a manifestation of the BPR’s commitment to comply with the provisions of POJK 7 of 2024 concerning People’s Economy Banks and Sharia People’s Economy Banks and to become a healthy and resilient BPR. With the realisation of the merger, the total assets of the merged BPR are projected to exceed IDR 400 billion. Furthermore, core capital is set to be above IDR 135 billion with a capital adequacy ratio (KPMM) above 50 per cent, which will be a key advantage for the BPR in innovating products, optimising information technology, and strengthening human resources more effectively and efficiently, thereby supporting the financial service needs of the community, especially MSME players. The OJK urges all customers and the public to remain calm and to trust the services of the BPR industry, which continues to be strengthened through a healthy and directed consolidation policy. Going forward, the OJK will continue to encourage the institutional strengthening of BPRs and Sharia BPRs through industry consolidation and transformation to create a more efficient, competitive, and resilient BPR and Sharia BPR industry capable of contributing optimally to the regional and national economy.