Jakarta, CNN Indonesia –
Financial Fervices Authority (OJK) stated the POJK related to the restructuring extension credit until March 2022 will come out at the end of November 2020. The rules are already in the final stages.
“At the end of this month, the POJK regulation will be issued,” said Chief Executive of OJK Banking Supervision Heru Kristiyana in the Financial Discussion Forum Webinar, Friday (20/11).
Heru said that his party had asked for opinions from various parties in drafting POJKs regarding the extension of credit restructuring until March 2022. This was so that there were no mistakes in issuing policies.
“We ask the opinion of the association, legal review so that there are no mistakes in making policies, “added Heru.
He stated that the extension of the relaxation of credit restructuring is necessary because the economy has not yet recovered. The reason is, cases of corona virus transmission are still increasing.
“Additional cases of transmission occur every day. This is certainly one of the reasons why we are starting to think the relaxation rules will end in March 2021. But our current position has not seen any signs (of transmission cases) abating,” Heru said.
In other words, the extension of credit restructuring relaxation is an anticipatory measure from the OJK. This policy, said Heru, will make the real sector more confident.
“To give the real sector more confidence, the authorities must respond quickly. With the restructuring, there is certainty for them to continue running their business,” Heru explained.
For information, the OJK initially set a relaxation of credit restructuring until March 2021. This was stated in POJK No.11 / POJK.03 / 2020 concerning National Economic Stimulus as a Countercyclical Policy on the Impact of the Spread of Coronavirus Disease.
Now, OJK has decided to extend the credit restructuring relaxation policy for one year until March 2022. This policy will be published in a new POJK.
(aud / agt)
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