OJK Approves Merger of 4 Regional Banks to Strengthen UMKM Credit

The Financial Services Authority (OJK) has approved the consolidation of four regional development banks (BPRs) in the East Priangan region into PT BPR Nusamba Tanjungsari. This step is part of banking industry consolidation to strengthen capital and the competitiveness of BPRs.

The approval is detailed in OJK Board Member Decision Letter Number KEP-15/D.03/2026 dated 20 February 2026. The four merging BPRs are PT BPR Nusamba Sukaraja, PT BPR Nusamba Plered, PT BPR Nusamba Singaparna, and PT BPR Mitra Harmoni Indramayu, with PT BPR Nusamba Tanjungsari as the receiving entity.

OJK Tasikmalaya Head Nofa Hermawati stated that the entire merger process had followed established procedures, including assessment of capital adequacy, corporate governance, risk management, and consumer protection aspects.

“This merger is expected to create a stronger, healthier BPR entity capable of delivering more innovative products and services to increase public confidence,” Nofa said during the delivery of the decision letter at the OJK Tasikmalaya office on Thursday (26 February 2026).

With the effective merger, all rights and obligations of each merging BPR transfer to PT BPR Nusamba Tanjungsari. OJK ensures that customers can continue to conduct transactions and receive banking services as usual, with no changes to their rights and obligations.

OJK also emphasised that this consolidation is part of a strategy to strengthen the BPR industry to be more efficient, competitive, and resilient in supporting real sector financing, particularly for micro, small, and medium enterprises (UMKM).

Overall, the performance of BPRs and Islamic BPRs in the East Priangan region throughout 2025 showed a positive trend. Assets grew 3.81 per cent year-on-year to reach Rp 3.56 trillion.

Third-party funds (DPK) increased 2.71 per cent year-on-year to Rp 2.51 trillion, whilst credit grew 5.62 per cent year-on-year to Rp 2.81 trillion. Non-performing loan (NPL) ratios remained within controlled levels.

OJK stated it will continue to encourage BPR institutional strengthening through consolidation and transformation to create a more resilient industry capable of contributing optimally to regional and national economic development.