Regulatory AlertsOJK Circular No. 24/SEOJK.03/2025 on Business Plans for Rural Banks
The Financial Services Authority (OJK) issued Circular No. 24/SEOJK.03/2025 to implement POJK No. 15/POJK.03/2021 by refining technical reporting requirements and business plan scopes for Rural Banks (BPR). This regulation addresses institutional and prudential changes, including capital participation, banking synergy, consolidation policies, and office types, while mandating that business plans be submitted in text or PDF formats. It officially repeals and invalidates the previous Circular No. 28/SEOJK.03/2021 regarding Rural Bank Business Plans.
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