OJK Approves Merger of Two Banks in East Java
The Financial Services Authority (OJK) has approved the merger of PT Bank Perekonomian Rakyat (BPR) Danaputra Sakti into PT BPR Harta Swadiri as part of sustainable banking industry consolidation measures to strengthen capital, increase competitiveness, and fortify the resilience of the BPR industry in supporting real sector financing, particularly for micro, small, and medium enterprises (UMKM).
The approval is set out in the Decree of the OJK Board of Commissioners Member No. KEP-32/D.03/2026 dated 20 April 2026 regarding the Granting of Permission for the Merger of PT BPR Danaputra Sakti into PT BPR Harta Swadiri.
PT BPR Harta Swadiri is based in Pandaan Subdistrict, Pasuruan Regency, East Java Province.
The Head of OJK Malang, Farid Faletehan, in Malang on Thursday (7/5/2026), stated that the business merger is expected to enhance the capacity and efficiency of BPR operations, thereby enabling the expansion of service access to the public.
“Through business mergers, BPRs are expected to increase business capacity, expand service access to the public, and strengthen resilience in facing economic dynamics and developments in the financial services industry,” said Farid.
With the realisation of this merger, the number of BPRs and BPRSs in the OJK Malang working area becomes 45 BPRs and 6 BPRSs.
As of 31 March 2026, the assets of BPRs in the OJK Malang working area were recorded at Rp2.89 trillion, down 9.20% year-on-year (yoy). Third-party funds (DPK) were recorded at Rp1.68 trillion, down 17.30% yoy, while credit/financing stood at Rp1.89 trillion, down 12.37% yoy.
The decline was primarily influenced by the effective merger of PT BPR Lestari Jatim, PT BPR Lestari Jabar, PT BPR Lestari Jateng, PT BPR Lestari Jakarta, and PT BPR Lestari Jogja into PT BPR Lestari Banten on 9 March 2026.
OJK urges all customers and the public to remain calm and trust the BPR industry services, which continue to be strengthened through healthy and directed consolidation policies.
In the future, OJK will continue to encourage the strengthening of BPR institutions through consolidation and industry transformation to create a more efficient, competitive, and resilient BPR industry capable of providing optimal contributions to regional and national economies.