OJK: Government Programme Credit in RBB Rule Revision Not Mandatory

The Financial Services Authority (OJK) has emphasised that banks should continue to prioritise risk management and good governance. Jakarta (ANTARA) - The Financial Services Authority (OJK) has stated that the provisions for extending credit to strategic government programmes outlined in the revision of the OJK Regulation (POJK) on Bank Business Plans (RBB) are not mandatory. In this regard, banks retain the flexibility to implement credit extension strategies in line with their respective risk appetite and risk tolerance. “OJK urges banks to continue prioritising risk management and good governance,” said the Executive Head of Banking Supervision at OJK, Dian Ediana Rae, during a press conference on the Bank Business Plan Discussion Forum (RDKB) in Jakarta on Tuesday. Dian explained that the Draft POJK on RBB represents a refinement of the previous provisions. 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 to the RBB regulation concerning credit extension, including to strategic government programmes and SMEs, is intended to ensure banks have directed, measurable, and sustainable planning through the preparation of RBB. It is noted that OJK is currently soliciting public feedback 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 fund provision to related parties; credit or financing to core debtors; credit plans based on specific business activities; credit plans based on business sectors, usage types, provinces, and contract types; SME credit plans; fund investments in securities; and other fund investments. In the draft RPOJK on RBB, in addition to retaining the credit plan details as regulated in POJK 5/2016, there are expansions to the fund investment details, including export-import financing plans; KUR (People’s Business Credit) extension plans; and other credit provision plans, including those under government programmes. The draft provisions cite examples of government programme credits such as housing programme credits, food and energy security credits, and cattle breeding business credits. As of March 2026, bank credit extension grew 9.49% year-on-year (yoy) to Rp8,659 trillion. This achievement is an increase from the February 2026 position, which grew 9.37% (yoy). OJK records that SME credit has shown improvement with positive growth of 0.12% (yoy), compared to a contraction of 0.56% (yoy) in the previous month of February.