JAKARTA, KOMPAS.com – The Financial Services Authority (OJK) noted that up to now there are 8 multi-finance companies that have not met the Rp 100 billion capital requirement.
This was conveyed by the Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions OJK, Agusman in Jakarta, Friday (18/8/2023).
“Some of the multi-finance companies that we have considered have not met the capital requirements, in our records there are around 8,” said Agusman.
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For information, Chapter XVIII Article 87 POJK 35/2018 stipulates that a finance company in the form of a limited liability company must have a minimum equity of IDR 100 billion.
For this reason, Agusman said that his party continues to make efforts to monitor the progress of the 8 multi-finance companies. Starting from the action plan to the approach in the form of communication to fulfill the equity obligation.
“We continue to carry out these 8 (companies) strengthening steps and action plans. We continue to monitor this and it seems that there is good progress. We are doing communication, as a step to fulfilling capital, where this can be done within the existing deadline,” he said.
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“For example, there are those who cannot fulfill them, of course we will also treat them in accordance with the applicable provisions, we will ensure that the applicable provisions can run well,” he added.
Previously, OJK Chief Executive for Insurance, Pension Funds, Financing Institutions and Other Financial Services Institutions, Ogi Prastomiyono, said that 8 finance companies that had not implemented these provisions were currently pursuing acquisitions in pursuit of meeting capital requirements.
This company action is carried out by potential new investors, both from outside and within the country. As of May 2023, there is one finance company that has been acquired by foreign investors.
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On the other hand, for companies that have not met the Rp 100 billion capital requirement, the OJK will send warning letters at most three times in a row with a validity period of two months to companies that have not met the minimum equity requirements.
“If until the third warning sanction, the company (multifinance) still does not meet the minimum equity requirements, the OJK will impose strict sanctions, including revocation of the company’s business license,” said Ogi.
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2023-08-19 15:30:00
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