OJK Approves Merger of BPR Ophir into BPR Swadaya Anak Nagari in West Sumatra

The Financial Services Authority (OJK) has approved the merger of PT Bank Perekonomian Rakyat (BPR) Ophir into PT BPR Swadaya Anak Nagari, located in West Pasaman Regency, West Sumatra, as part of sustainable banking industry consolidation. The consolidation aims to strengthen capital, enhance competitiveness, and bolster the resilience of the BPR industry in supporting real sector financing, particularly for MSMEs. Head of OJK West Sumatra, Roni Nazra, stated that the merger is expected to strengthen capital and improve competitiveness, as well as reinforce the implementation of good corporate governance and risk management. This will allow the BPR to develop its business and serve customers better while consistently adhering to the precautionary principle. The approval was formalised in Decree of the Board of Commissioners of OJK Number KEP-44/D.03/2026 dated 19 June 2026, concerning the Granting of a Merger Permit for PT BPR Ophir into PT BPR Swadaya Anak Nagari. The merger represents the BPR’s commitment to fulfilling the provisions of POJK 7 of 2024 concerning BPR and Sharia BPR. It also aligns with the 2027 Roadmap for the Development and Strengthening of the BPR-BPRS Industry, where one pillar is strengthening structure and competitiveness through accelerated consolidation. Following the merger, the number of BPR and Sharia BPR in the OJK West Sumatra working area as of May 2026 stands at 59 BPR and 14 Sharia BPR. This figure has decreased from the previous year’s 63 BPR and 14 Sharia BPR, mainly due to similar consolidation actions by BPR groups and the cessation of operations of several other BPRs. OJK urges all customers and the public to remain calm and trust in the industry, which is continuously being strengthened through healthy and directed consolidation policies. OJK also stated it will continue to encourage the institutional strengthening of BPR and Sharia BPR through consolidation and industry transformation to create a more efficient, competitive, and resilient industry capable of contributing optimally to regional and national economies.