OJK Approves Merger of BPR Artha Mlatiindah into BPR Artha Mertoyudan

Jakarta (ANTARA) - The Financial Services Authority (OJK) has approved the merger of PT Bank Perekonomian Rakyat (BPR) Artha Mlatiindah into PT Bank Perekonomian Rakyat Artha Mertoyudan, as set forth in the Decree of the OJK Board of Commissioners Member No. KEP-25/D.03/2026 dated 13 March 2026. The decree was delivered to each BPR at the OJK Special Region of Yogyakarta Office on 26 March 2026 and at the OJK Central Java Province Office on 1 April 2026. Head of OJK Central Java Province, Hidayat Prabowo, in a statement received in Jakarta on Tuesday, stated that the consolidation of BPRs is a strategic step to strengthen institutional resilience and support the enhanced role of BPRs in serving the public and financing productive sectors. “This merger is part of OJK’s efforts to strengthen the BPR industry to make it healthier, more resilient, and capable of facing evolving business dynamics,” said Hidayat. Furthermore, this merger is expected to strengthen the institutional capacity and performance of PT BPR Artha Mertoyudan, including expanding service reach, improving operational efficiency, and reinforcing good corporate governance practices. OJK stated that it will continue to monitor and guide the post-merger integration process to ensure all stages proceed in accordance with applicable regulations, while prioritising prudence and consumer protection principles. Through this step, OJK hopes the BPR industry will become stronger, healthier, and more competitive, thereby providing greater contributions to supporting SME financing and regional and national economic growth.