OJK Revokes the Permit of BPR Agung Sedaya Bali

By : Herry Barus And Aldo Bella Putra | Saturday, November 04 2017 - 16:00 IWST

INDUSTRY.co.id - Denpasar - The Financial Services Authority (OJK) revoked the business license of PT Bank Perkreditan Rakyat (BPR) of KS Bali Agung Sedana because the bank's managers were considered to have failed to take advantage of the opportunity given in improving their liquidity condition.

"We revoke the business license starting from 3 November 2017," said Head of Regional OJK Bali and Nusa Tenggara Hezbollah in Denpasar, Friday (3/11/2017)

According to Hizbullah, revocation of business license has been through the Decree of the Board of Commissioners (KDK) with the number KEP-202 / D.03 / 2017.

He explained that before the business license was revoked, the BPR having its address at Jalan Raya Kerobokan Number 15Z, Kuta Badung Regency entered the status of Bank under Special Surveillance since 12 April 2017.

The stipulation of the status of the Bank under Special Supervision, he added, is due to mismanagement by the management of an RB resulting in the financial performance of an RB cannot meet the standards stipulated in accordance with applicable regulations.

Hezbollah added the BPR was then given a chance for 180 days or until October 9, 2017 to conduct restructuring efforts.

However, restructuring efforts by the BPR up to the prescribed time limit, the bank can not improve its condition to exit the Bank under Special Surveillance status which must have a minimum CAR at minimum of 4 percent.

With the revocation of business license of PT Bank Perkreditan Rakyat of KS Bali Agung Sedana then the Deposit Insurance Agency (LPS) will perform the guarantee function and conduct the liquidation process pursuant to Law Number 24 Year 2004 concerning the Deposit Insurance Agency as amended by Law Number 7 Year 2009.

OJK appealed to BPR's customers to remain calm because the public fund in banking including BPR is secured by LPS as long as it meets the prevailing regulations.

Hezbollah expects interested citizens to contact the office of Bali Regional and Nusa Tenggara Regional Financial Services Authority on Jalan Diponegoro Denpasar.