KB Bank Mass Layoffs: OJK Provides Explanation
The Financial Services Authority (OJK) has spoken out regarding the mass layoffs at PT Bank KB Indonesia Tbk (BBKP), also known as KB Bank.
OJK’s Chief Executive of Banking Supervision, Dian Ediana Rae, stated that the bank, owned by South Korea’s Kookmin Bank, must first conduct consultations with the authority. Furthermore, any layoffs must be carried out in accordance with prevailing laws and regulations.
Dian noted that she had received reports that KB Bank would implement retraining and relocation programmes for its employees. However, she emphasised that there should be no disputes between the employees and KB Bank.
“Usually, in the private sector, and I believe state-owned banks are the same, there will be a win-win solution between employees and the bank. So far, disputes are rare, especially in rationalisation conditions,” Dian stated at the DPR RI Building on Wednesday (17/06/2026).
According to her, within a rationalisation programme, the bank must have allocated funds for compensation and other related costs.
Furthermore, Dian mentioned that KB Bank is currently undergoing a ‘turnaround’ programme, shifting from human labour to technology. She cited the use of new IT systems to become more responsive to credit demands, particularly within the MSME segment.
“Additionally, the handling of other issues and problems seems to be on track,” she added.
As previously reported, KB Bank has recorded a significant decrease in both staff numbers and branch offices. Based on the company’s financial report as of 31 March 2026, the number of permanent and non-permanent employees at KB Bank stood at 2,265. This figure has decreased drastically, down by 662 people from 2,927 during the same period the previous year.
Meanwhile, the number of KB Bank sub-branch offices (KCP) totalled 120 units in the first quarter of 2026, a reduction of 21 units from 141 units in the same period last year. Alongside the reduction in sub-branches, the number of main branches increased by one unit from March 2025 to 29 units in March 2026. The number of ATMs also grew rapidly to 154 units during the first three months of this year, up from only 31 units during the same period last year.
Within the board of directors, KB Bank’s Retail Director, Robby Mondong, recently submitted his resignation on 3 June 2026. This resignation occurred only eight months after his appointment as director during the Extraordinary General Meeting of Shareholders (EGMS) on 6 October 2025. Previously, Robby served as the Deputy President Director of KB Bank since June 2021.
In addition to Robby, KB Bank’s Director of Compliance & Risk, Dodi Widjajanto, also submitted his resignation on the same date. He had held the position since December 2022.
KB Bank’s President Director, Kunardy Darma Lie, stated that the optimisation of the workforce and the adjustment of the branch network are part of the ongoing transformation being implemented by the company. This is being done to build a stronger, more adaptive, and sustainable organisation.
“This step is taken by considering changing customer needs, banking industry dynamics, and the increasing adoption of digital services,” Kunardy told CNBC Indonesia on Monday (08/06/2026).