Regulatory AlertsMaximum Limit for Credit Granting by Rural Banks and Maximum Limit for Fund Disbursement by Sharia Rural Banks
The Financial Services Authority (OJK) issued Circular Letter No. 11/SEOJK.03/2023 to refine implementation rules for maximum credit and fund disbursement limits for Rural Banks (BPR) and Sharia Rural Banks (BPRS). This regulation updates the definition of related parties, adjusts reporting codes, and establishes new calculation methods for violations and exceedances to enhance risk management and liquidity stability. It officially repeals previous circulars from 2017 and 2022 while maintaining the validity of other monthly reporting regulations that do not conflict with this directive.
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