OJK Clarifies that Government Programme Credit in RBB Regulation Revision is Not Mandatory
The Financial Services Authority (OJK) has emphasised that the provision of credit for government strategic programmes outlined in the revision of the OJK Regulation (POJK) on Banks’ Business Plans (RBB) is not mandatory. Banks are affirmed to retain flexibility in implementing their credit distribution strategies in line with each institution’s risk appetite and risk tolerance.
The Head of Banking Supervision Executive at OJK, Dian Ediana Rae, stated that the draft POJK on RBB represents a refinement of previous provisions.
“OJK requests that banks continue to pay attention to risk management and good governance,” said Dian Ediana Rae, Head of Banking Supervision Executive at OJK, during a press conference on the RBB Draft Regulation in Jakarta on Tuesday, 5 May 2026.
She explained that the adjustments include additions to the scope of business plans, such as accommodating banking digitalisation developments as well as refinements to the scope of realisation reports and RBB supervision reports.
The revision of the RBB regulation related to credit distribution, including credit for government strategic programmes and SMEs, is intended to enable banks to have directed, measurable, and sustainable planning through the preparation of RBB.
OJK is currently opening public comments on the draft regulation, as announced on its official website. One aspect under scrutiny is the detail of fund investment plans in the RBB.
Under Article 12 of POJK 5/2016, these plans must at least cover plans for providing funds to related parties; plans for credit or financing to core debtors; credit plans based on specific business activities; credit plans based on business fields, types of use, provinces, and types of agreements; credit plans to SMEs; plans for fund investments in securities; and other fund investment plans.
In the draft RPOJK on RBB, in addition to retaining the credit plan details as regulated in POJK 5/2016, there are expansions in the scope of fund investment details, including export-import financing plans; KUR distribution plans; and other credit provision plans, including credit under government programmes.
The draft provisions exemplify government programme credit such as housing programme credit, food and energy resilience credit, and cattle breeding business credit.
As of March 2026, bank credit distribution grew by 9.49% year-on-year to Rp8,659 trillion. This achievement is an increase from February 2026’s growth of 9.37% year-on-year. OJK recorded that SME credit has shown improvement with positive growth of 0.12% year-on-year, compared to a contraction of 0.56% year-on-year in the previous month.