OJK Directs Banks to Support MBG and Red-White Village Cooperatives, Here's Purbaya's Response
REPUBLIKA.CO.ID, JAKARTA – The Financial Services Authority (OJK) is preparing changes to the Bank Business Plan (RBB) regulations to encourage the banking sector to more actively finance government priority programmes. This step is deemed important so that credit flows do not merely circulate within the financial sector but truly enter the real sector that touches society.
Finance Minister Purbaya Yudhi Sadewa stated that the government’s fiscal support is already sufficient. However, the role of banks is still needed to strengthen development financing.
“The government is already sufficient. However, there are still other development programmes where banks have mostly placed funds in the central bank so far. They need to be encouraged into the real sector,” he said to reporters in Jakarta on Friday (10/4/2026).
OJK Commissioner Chair Friderica Widyasari Dewi explained that the RBB adjustment will be stipulated in the Draft Financial Services Authority Regulation (RPOJK). This regulation is directed so that banks support priority programmes, such as free nutritious meals, housing development, and strengthening village cooperatives.
“We want banks to be more involved in the government’s priority programmes,” said Kiki, the familiar nickname for Friderica.
For society, this policy is expected to expand access to financing, especially for productive sectors like MSMEs and housing. With credit flowing more readily, economic activity at the grassroots level is hoped to be stimulated.
Nevertheless, OJK emphasises that credit distribution to priority sectors is not mandatory. Each bank still adjusts according to its own risk profile. Purbaya assesses that as long as it encourages intermediation functions, this policy will have a positive impact on the economy. He stressed that banking needs to return to its main role, which is to disburse credit.
“Every effort to ensure banks provide loans is good for the economy,” he said.