OJK Announces a New Sharia Bank to Launch This Year
The Head of Banking Supervision at the OJK, Dian Ediana Rae, hopes that one new general sharia bank (BUS) resulting from a spin-off process will be established this year. This new BUS will strengthen the structure of the national sharia banking industry within Group 2 of Banks Based on Core Capital (KBMI 2).
Currently, there are three large-scale sharia banks that occupy positions in KBMI 2 and 3. Banks in KBMI 2 have core capital ranging from IDR 6 trillion to IDR 14 trillion. Meanwhile, the core capital of KBMI 3 ranges from IDR 14 trillion to IDR 70 trillion.
In a written statement, Dian explained that in line with these efforts, consolidation within the industry is also ongoing in the Sharia Rural Bank (BPR Syariah) sector through the merger of 21 BPR/BPR Syariah. The OJK targets that this merger process will result in 9 stronger, more efficient, and competitive BPR Syariah.
These various steps, he said, further strengthen the structure of the sharia banking industry, which is an implementation of the first pillar in the Roadmap for the Development and Strengthening of Indonesian Sharia Banking (RP3SI), namely strengthening the structure and resilience of the sharia banking industry.
“Until March 2026, the sharia banking industry recorded double-digit asset growth, at 10.49 percent year on year (yoy), or IDR 1,061.61 trillion,” said Dian in a written statement, quoted by Antara.
Furthermore, Dian revealed that sharia bank financing grew 9.82 percent (yoy) to IDR 716.4 trillion, or higher than national growth. Meanwhile, the growth of third-party funds (DPK) for sharia banks was 11.14 percent (yoy) to IDR 811.76 trillion.
The financing to deposit ratio (FDR) has also continued to increase in recent years, reaching 87.65 percent. This is in line with the increasing contribution of sharia banking to the real sector.
Good quality financing is also reflected in the gross non-performing financing (NPF) and net NPF ratios, which are at 2.28 percent and 0.87 percent respectively.
He explained that support for sharia banking in strengthening the real sector and empowering the community’s economy is also being increased through improved access to financing for MSMEs. This is reflected in the total distribution of MSME financing by the sharia banking industry, amounting to IDR 217.86 trillion.
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