Regulatory Alerts2025-11-20
Added · Updated
OJK Circular No. 24/SEOJK.03/2025 on Business Plans for Rural Banks
This Circular replaces OJK Circular No. 28/SEOJK.03/2021 and provides detailed implementation provisions for OJK Regulation No. 15/POJK.03/2021 concerning Business Plans for Rural Banks (BPR) and Sharia Rural Financing Banks (BPR Syariah). It mandates that BPRs and BPR Syariah prepare annual Business Plans, approved by their Board of Commissioners, covering specific areas like financial projections, capital plans, and IT development. The projection period for financial statements and target ratios is one year for banks with core capital under IDR 50 billion, and three years for those with core capital of at least IDR 50 billion. Additionally, BPRs must submit semi-annual reports on the implementation and supervision of their Business Plans, and the circular came into force on November 13, 2025.
More like this from OJK
OJK published 1 document in the last 30 days. We email you each new one the day it's published.