Business · Companies · 1 hr ago
Indonesia’s OJK closes 16 banks by November 2026
Indonesia’s financial regulator, OJK, revoked the licences of 16 banks by November 2026.
The closures involved rural banks and Islamic rural banks in several parts of the country.
The latest was BPR Agritrans Batumarta in South Sumatra, whose licence was revoked on 3 November over a capital shortfall.
LPS, Indonesia’s deposit insurance agency, said weak governance was the main factor behind the closures, though it noted there could be other causes.
The closures matter because OJK said its actions aim to protect the public and strengthen confidence in the financial sector.
The account gives no further steps or timeline for what will happen to the closed banks.
Indonesia’s Financial Services Authority (OJK) had revoked the business licences of 16 banks by November 2026.
The latest was PT BPR Agritrans Batumarta in South Sumatra, whose licence was revoked on 3 November.
The list includes rural banks and Islamic rural banks across several Indonesian provinces.
OJK said the latest revocation was part of efforts to strengthen the banking industry, protect the public and maintain confidence in financial services.
Indonesia’s Deposit Insurance Corporation chief Anggito Abimanyu said weak governance was the main factor behind the bank resolutions.
- Who
- Indonesia’s Financial Services Authority (OJK) revoked the licences. The closures involved 16 banks.
- What
- OJK revoked the business licences of 16 banks.
- When
- By November 2026. The latest listed revocation was on 3 November.
- Where
- Across Indonesia, including banks in South Sumatra, Bali, Jakarta and other provinces.
- Why
- The latest bank had a capital shortfall. The deposit insurance chief cited weak governance as the main factor behind bank resolutions.
This story does not have two clearly opposing sides.
OJK revoked the licence of PT BPR Suliki Gunung Mas, the first of the 16 banks listed.
OJK revoked the licences of two banks, including PT BPR Prima Master Bank on 27 January.
OJK revoked the licences of Perumda BPR Bank Cirebon and PT BPR Kamadana.
OJK revoked the licences of the remaining banks listed before the latest case, including three in July and three in September.
OJK revoked the licence of PT BPR Agritrans Batumarta in South Sumatra.
- Total
- 16 banks
- Latest bank
- PT BPR Agritrans Batumarta
- Latest revocation
- 3 November 2026
- Latest bank’s location
- South Sumatra
- Main factor cited
- Weak governance
What people are saying
The revocation of the business licence of PT BPR Agritrans Batumarta is part of OJK’s supervisory measures to strengthen the banking industry, protect the public interest, and maintain confidence in the financial services sector
The factor causing the resolution of rural banks and Islamic rural banks is weak governance at the rural banks and Islamic rural banks concerned. There are certainly many other factors, but that is the main factor we monitor as affecting their closure