Chapter rises once more to 14, newest in Sidoarjo

Jakarta –

The Monetary Providers Authority (OJK) has formally revoked the enterprise license of PT Financial institution Per Ekonomian Rakyat (BPR) Sumber Artha Waru Agung, whose handle is Sidoarjo Regency, East Java Province. This license revocation provides to the lengthy checklist of banks which have gone bankrupt to 14 banks.

That is additionally in accordance with the OJK Board of Commissioners Members Order No. KEP-57/D.03/2024 concerning revoking the enterprise license of PT Perkreditan Rakyat Sumber Artha Waru Agung Financial institution issued on 24 July 2024 . OJK East Java Division Chief Bambang Mukti Riyadi mentioned the revocation of PT BPR Sumber Artha Waru Agung’s enterprise license was a part of the OJK’s oversight work.

“The revocation of this enterprise license is to take care of stability and strengthen the banking business and defend customers,” mentioned Bambang in a written assertion, Wednesday (24/7/2024).

Bambang defined that on December 21, 2023, the OJK had designated PT BPR Sumber Artha Waru Agung as a Financial institution Beneath Restructuring (BDP) administration standing financial institution. That is primarily based on consideration of the Minimal Capital Requirement Ratio (KPMM) underneath the provisions (detrimental 17.54%) and the Well being Charge (TKS) has an unhealthy situation.

As well as, on July 9, 2024, the PT BPR get together declared Sumber Artha Waru Agung as a financial institution with Financial institution Beneath Decision (BDR) administration standing, regardless that it had given sufficient time to BPR Administration and Masses -shares to take restructuring measures, together with overcoming capital. issues. This choice is in accordance with the Regulation of the Monetary Providers Authority (POJK) Quantity 28 of 2023 dated December 29, 2023 concerning the Standing Resolution and Comply with-up Monitoring of Individuals’s Financial Banks and Sharia Individuals’s Financial Banks.

As well as, primarily based on the Order of the Members of the Board of Commissioners for the Funding Assure Program and Financial institution Decision No. 98/ADK3/2024 dated July 18, 2024 concerning Financial institution Settlement in PT BPR Sumber Artha Waru Agung Decision, which ‘ Funding Insurance coverage Group (LPS). ) determined to not rescue PT BPR Sumber Artha Waru Agung and requested the OJK to revoke BPR’s enterprise license.

“Following the request of LPS, primarily based on Article 19 of POJK above, OJK revoked the enterprise license of PT BPR Sumber Artha Waru Agung. of the Republic of Indonesia Quantity 24 of “2004 concerning the Funding Insurance coverage Company and Regulation Quantity 4 of 2023 concerning the Improvement and Strengthening of the Monetary Sector,” he defined.

He appealed to clients of PT BPR Sumber Artha Waru Agung to stay calm as public funds in banking, together with BPR, are assured by LPS based on related laws.

(clay/clay)