OJK Kediri Reports Positive Performance for BPR and BPRS Industries

The Financial Services Authority (OJK) Kediri, East Java, has stated that the performance of the Rural Bank (BPR) and Sharia Rural Bank (BPRS) industries within its jurisdiction remains positive and resilient.

“As of March 2024, total assets grew by 6.34 per cent (yoy) to Rp4.80 trillion, credit and financing distribution increased by 3.42 per cent (yoy) to Rp3.41 trillion, and third-party funds (DPK) grew by 7.64 per cent (yoy) to Rp3.19 trillion,” said the Head of OJK Kediri, Ismirani Saputri, in a statement in Kediri on Tuesday.

She added that the capitalisation of the BPR and BPRS industry in the OJK Kediri working area remains strong, with a Capital Adequacy Ratio (CAR) of 27.22 per cent, well above the minimum regulatory requirements.

She expressed appreciation for the performance and contribution of BPRs and BPRSs in driving the regional economy. Her office also continues to encourage the strengthening of the BPR and BPRS industries through the implementation of the 202_24–2027 BPR-BPRS Development and Strengthening Roadmap, which includes enhancing governance, capital, risk management, and digital transformation.

“We hope that BPRs and BPRSs become increasingly competitive, adaptive to modern developments, and capable of providing a larger contribution to supporting inclusive and sustainable regional economic growth,” said Ismirani.

Meanwhile, at the national level, the performance of BPRs and BPRSs continues to grow, establishing them as banks that are integral, resilient, and contributive in providing financial access to MSMEs and the local community.