OJK Gives Firm Response on Mass Layoffs at KB Bank (BBKP)
Jakarta - The Financial Services Authority (OJK) has confirmed that the mass layoffs at PT Bank KB Indonesia Tbk. (BBKP) are in accordance with prevailing laws and regulations. The authority stated that compensation for the affected employees has also been fulfilled.
“Oh, that’s the same, it’s just, firstly, it’s in accordance with the laws and regulations, right. Of course, compensation and so on have been provided,” said the Chief Executive of Banking Supervision at OJK, Dian Ediana Rae, when met at the DPR RI Building, Wednesday (8/7/2026).
According to him, the layoffs carried out by the South Korean bank are part of a recovery process. Such actions are permitted for banks.
“And that is part of the recovery, yes. Banking recovery, because of course this is something that is very permissible,” said Dian.
However, he stressed that layoffs must be carried out in accordance with labour laws. Dian added that OJK supervisors assess that the matter with KB Bank employees has been resolved.
“The important thing is that the labour law is not violated and so on. That is the most important thing. And I think, from what I hear from the supervisors, everything is okay, it’s settled,” he explained.
Besides KB Bank, Dian said that so far no other banks are planning to conduct layoffs.
As previously reported, KB Bank recorded a significant decline in employees and branch offices. Based on the company’s financial report as of 31 March 2026, the number of KB Bank employees, both permanent and non-permanent, totalled 2,265 people. This number has decreased drastically, down by 662 people from 2,927 people in the same period the previous year.
Meanwhile, the number of KB Bank sub-branch offices (KCP) totalled 120 units in the first quarter of 2026, a decrease of 21 units from 141 units in the same period the previous year.
Along with the reduction in KCPs, the number of branch offices increased by one unit from March 2025 to 29 units in March 2026. The number of ATMs also grew rapidly to 154 units during the first three months of this year, from only 31 units in the same period the previous year.
At the board of directors level, KB Bank’s Retail Director, Robby Mondong, recently submitted his resignation on 3 June 2026. The resignation occurred just eight months after he was appointed as a director at the Extraordinary General Meeting of Shareholders (RUPSLB) on 6 October 2025. Previously, Robby had served as Deputy President Director of KB Bank since June 2021.
In addition to Robby, KB Bank’s Director of Compliance & Risk, Dodi Widjajanto, also submitted his resignation on the same date. He had held the position since December 2022.
In its information disclosure, the bank, which is owned by South Korea’s Kookmin Bank, stated that the resignations of the two directors would be decided at a GMS in accordance with applicable regulations. KB Bank also confirmed that there is no impact on the company’s operations or business continuity.
Regarding this issue, KB Bank has issued a right of reply. KB Bank Corporate Secretary, Ariz Dian Perkasa, stated that the company is currently undergoing a continuous transformation as part of its strategy to build a stronger, more adaptive, and sustainable organisation, while enhancing its capability to provide the best service to customers.
“This step is part of the company’s long-term strategy to improve operational effectiveness, strengthen digital capabilities, increase network productivity, and support sustainable business growth and profitability,” he said in the right of reply received by CNBC Indonesia, Monday (6/7/2026).