OJK: No Exceptions to Financial Sector Supervision Regarding Danantara
The Financial Services Authority (OJK) has confirmed there are no exceptions in the application of supervisory provisions for financial services sector activities related to the Daya Anagata Nusantara Investment Management Agency (Danantara).
Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, stated that this principle was also explained to global rating agencies and investors who inquired about supervision related to Danantara and the state-owned banks association (Himbara).
“When asked about Danantara, we answered that there are no exceptions regarding the supervisory provisions for Danantara; everything is the same,” Friderica said following the 2027 Fiscal Year State Budget Plan and Financial Note Press Conference in Jakarta on Friday.
She said the OJK continues to assess financial service institutions within its supervisory scope, including Himbara banks, in relation to national strategic projects. The assessment is conducted by examining the non-performing loan (NPL) ratio, credit growth, third-party funds (DPK), and the ratio of liquid assets to non-core deposits (AL/NCD).
Friderica noted that these indicators remain within the limits set by OJK regulations and international standards. “So we continue to convey these ratios, and they see that everything is still within the boundaries according to the corridors set by the OJK and international standards,” she said.
She added that supervision related to Danantara was also a topic of inquiry when the OJK met with more than 100 global investors in Singapore. During the meeting, the OJK explained that Danantara’s involvement does not alter the application of supervisory provisions for financial service institutions.
Friderica gave an example that for financial service institutions under OJK supervision, dividend withdrawals must still consider the institution’s sustainability. “If a dividend withdrawal is deemed to endanger sustainability, we can say ‘No’,” she stated.
According to her, the consistency of supervisory provisions is a concern for international rating agencies and investors in assessing the governance of Indonesia’s financial sector. The OJK continues to carry out its supervisory function in accordance with applicable regulations to ensure that the health and risk indicators of financial service institutions remain within the established corridors.
“So that is our function, to ensure that we implement these provisions. And this is highly appreciated by international institutions such as rating agencies and investors,” she said.
Based on OJK data as of May 2026, bank lending grew by 11.51 percent year-on-year to IDR 8,918 trillion, while third-party funds grew by 13.49 percent to IDR 10,294 trillion. The gross NPL ratio was recorded at 2.17 percent and net NPL at 0.84 percent. Banking liquidity and capital were also recorded as adequate, with the AL/NCD ratio at 108.20 percent and liquid assets to DPK ratio at 24.74 percent. The capital adequacy ratio (CAR) was recorded at 23.74 percent.