OJK Regulation No. 18 of 2025 on Transparency and Publication of Bank Reports

EXTRACT
REGULATION OF THE FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA NUMBER 18 OF 2025 CONCERNING TRANSPARENCY AND PUBLICATION OF BANK REPORTS BY THE GRACE OF GOD THE ALMIGHTY THE COMMISSIONERS OF THE FINANCIAL SERVICES AUTHORITY,

Considering:
a. that to enhance market discipline and reduce information asymmetry, it is necessary to strengthen the transparency and publication of reports announced by the banking sector to increase public trust; b. that bank information transparency available must be comprehensive, complete, accurate, up-to-date, whole, timely, and comparable to support the strengthening of a healthy, independent, competitive financial services sector and its role in maintaining financial system stability;
c. that the Financial Services Authority Regulation Number 37/POJK.03/2019 concerning Transparency and Publication of Bank Reports is no longer in line with international standards and legal developments, and therefore needs to be replaced;
d. that based on the considerations as referred to in letters a, b, and c, it is necessary to establish a Financial Services Authority Regulation concerning Transparency and Publication of Bank Reports;

Recalling:

Law Number 7 of 1992 concerning Banking (State Gazette of the Republic of Indonesia Year 1992 Number 31, Supplement to the State Gazette of the Republic of Indonesia Number 3472) as amended several times, lastly with Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
Law Number 21 of 2008 concerning Sharia Banking (State Gazette of the Republic of Indonesia Year 2008 Number 94, Supplement to the State Gazette of the Republic of Indonesia Number 4867) as amended with Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
Law Number 21 of 2011 concerning the Financial Services Authority (State Gazette of the Republic of Indonesia Year 2011 Number 111, Supplement to the State Gazette of the Republic of Indonesia Number 5253) as amended with Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);

DECIDING:
Establishing: A FINANCIAL SERVICES AUTHORITY REGULATION CONCERNING TRANSPARENCY AND PUBLICATION OF BANK REPORTS.

CHAPTER I
GENERAL PROVISIONS

Article 1
In this Financial Services Authority Regulation, the following terms are defined as:

General Bank, hereinafter referred to as Bank, is a Bank that conducts business activities conventionally or based on Sharia principles, which in its activities provides services in payment transactions, including branch offices of the Bank located abroad.
Sharia Business Unit, hereinafter abbreviated as UUS, is a work unit of the head office of a conventional general bank that functions as the parent office of offices or units conducting business activities based on Sharia principles, or a work unit in the branch office of a Bank located abroad conducting conventional business activities that functions as the parent office of Sharia sub-branches and/or Sharia units.
Publication Report is a report announced to the public and/or submitted to the Financial Services Authority with the method of announcement and submission in accordance with the provisions established by the Financial Services Authority.
Control is the control of the parent entity over the subsidiary entity in accordance with financial accounting standards.
Parent Entity is an entity that exercises Control over 1 (one) or more other entities in accordance with financial accounting standards.
Subsidiary Entity is an entity controlled by 1 (one) or more Parent Entities in the form of a Bank in accordance with financial accounting standards.
Fiscal Year is the year starting from January to December of the relevant year.
Issuer is a party that conducts a public offering.
Public Company is a corporation with the number of shareholders and paid-up capital established by Financial Services Authority Regulation.
Executive Officer is a Bank official who is directly responsible to the Board of Directors or has significant influence over the policy and/or operations of the Bank.
Financial Services Authority is an independent state institution that has the function, duties, and authority for regulation, supervision, examination, and investigation as referred to in the Law concerning the Financial Services Authority.

CHAPTER II
REPORT TRANSPARENCY PROVISIONS

Article 2
(1) Banks are required to prepare, announce, and/or submit Publication Reports.
(2) For Banks conducting business activities conventionally, including branch offices of the Bank located abroad, the Publication Reports as referred to in paragraph (1) consist of:
a. Financial Publication Report and financial performance information; b. Risk exposure and capital Publication Report;
c. Material information or fact Publication Report;
d. Base lending rate Publication Report in accordance with Financial Services Authority Regulation concerning transparency and publication of base lending rates for conventional general banks; e. Sustainability report in accordance with Financial Services Authority Regulation concerning the application of sustainable finance for financial services institutions, issuers, and public companies; f. Annual report on the implementation of integrated governance for Banks that are the parent company of a financial conglomerate in accordance with Financial Services Authority Regulation concerning the application of integrated governance for financial conglomerates; g. Annual financial report for Banks that are Issuers or Public Companies in accordance with Financial Services Authority Regulation concerning the submission of periodic financial reports by issuers or public companies; and h. other reports in accordance with statutory provisions. (3) For Banks conducting business activities based on Sharia principles, the Publication Reports as referred to in paragraph (1) consist of:
a. Financial Publication Report and financial performance information; b. Risk exposure and capital Publication Report;
c. Material information or fact Publication Report;
d. Sustainability report in accordance with Financial Services Authority Regulation concerning the application of sustainable finance for financial services institutions, issuers, and public companies; e. Annual report on the implementation of integrated governance for Banks that are the parent company of a financial conglomerate in accordance with Financial Services Authority Regulation concerning the application of integrated governance for financial conglomerates; f. Annual financial report for Banks that are Issuers or Public Companies in accordance with Financial Services Authority Regulation concerning the submission of periodic financial reports by issuers or public companies; and g. other reports in accordance with statutory provisions. (4) In addition to the Publication Reports as referred to in paragraph (2), Banks that have a UUS must add the UUS Financial Publication Report and financial performance information, and other reports related to the UUS in accordance with statutory provisions.

Article 3
Publication Reports as referred to in Article 2 are required to be presented in Indonesian Rupiah.

Article 4
(1) Publication Reports as referred to in Article 2 are required to be prepared completely, accurately, up-to-date, wholly, timely, and comparably.
(2) Figures in the Publication Reports prepared as referred to in paragraph (1) must be consistent with the figures disclosed in the financial reports.
(3) The Financial Services Authority has the authority to request Publication Reports as referred to in paragraph (1) to be audited by a public accountant.

Article 5
(1) The Board of Directors is responsible for the Bank's Publication Reports as referred to in Article 4 paragraph (1).
(2) For Banks conducting business activities conventionally, the Board of Commissioners is responsible for supervising the implementation of the duties and responsibilities of the Board of Directors as referred to in paragraph (1). (3) For Banks conducting business activities based on Sharia principles and Banks that have a UUS, the Board of Commissioners and the Sharia Supervisory Board are responsible for supervising the implementation of the duties and responsibilities of the Board of Directors as referred to in paragraph (1).

Article 6
(1) Banks are required to prepare financial reports based on financial accounting standards.
(2) Financial reports as referred to in paragraph (1) for data positions in December are required to be audited by a public accountant.
(3) Financial reports as referred to in paragraph (1) are presented in the form of:
a. individual financial reports; and/or b. consolidated financial reports.
(4) Banks that exercise Control over Subsidiary Entities are required to prepare consolidated financial reports as referred to in paragraph (3) letter b.
(5) For branch offices of the Bank located abroad, the scope of financial reports as referred to in paragraph (1) covers:
a. financial reports of the branch office of the Bank located abroad; and b. financial reports of all sub-branch offices of the branch office of the Bank located abroad, located in Indonesia.
(6) Temporary participations by the Bank are exempted from the preparation of consolidated financial reports as referred to in paragraph (3) letter b.

Article 7
(1) Members of the Bank's Board of Directors are required to:
a. appoint an Executive Officer as the preparer of financial reports as referred to in Article 6 paragraph (1) in accordance with the assessment criteria in Financial Services Authority Regulation concerning general banks and Financial Services Authority Regulation concerning Sharia general banks; and b. ensure that the Executive Officer as the preparer of financial reports as referred to in letter a does not violate the assessment criteria in Financial Services Authority Regulation concerning general banks and Financial Services Authority Regulation concerning Sharia general banks and updates competencies in accordance with the development of complexity and business activities of the Bank. (2) The Executive Officer as referred to in paragraph (1) letter a must sign a statement letter to:
a. maintain integrity; and b. comply with statutory provisions and orders and/or decisions of the Financial Services Authority in the process of preparing financial reports.
(3) The Executive Officer as referred to in paragraph (1) letter a must have knowledge and/or experience in the field of accounting.
(4) Banks are required to have an Executive Officer as referred to in paragraph (1) letter a or at least 1 (one) member of the financial report preparer team from within the Bank that meets the competency:
a. passed the chartered accountant certification exam at least 1 (one) level above the lowest level, for Banks included in the group of banks based on core capital 4, the group of banks based on core capital 3, and branch offices of the Bank located abroad; or b. passed the chartered accountant certification exam at least the lowest level, for Banks included in the group of banks based on core capital 2 and the group of banks based on core capital 1. (5) Banks are required to replace the Executive Officer and/or members of the financial report preparer team as referred to in paragraph (4) who end their employment, at the latest 1 (one) year calculated from the time the Executive Officer and/or members of the financial report preparer team effectively end their employment as preparers of financial reports. (6) The Financial Services Authority has the authority to make adjustments to the fulfillment of chartered accountant competency of the Executive Officer and/or members of the financial report preparer team as referred to in paragraph (4), based on certain considerations. (7) The format of the statement letter as referred to in paragraph (2) is established by the Financial Services Authority.

Article 8
(1) Banks that violate the provisions as referred to in Article 2 paragraph (1), Article 3, Article 4 paragraph (1), Article 6 paragraph (1), paragraph (2), paragraph (4), Article 7 paragraph (1), paragraph (4), and/or paragraph (5) are subject to administrative sanctions in the form of a written reprimand. (2) Banks that violate the provisions as referred to in Article 6 paragraph (1), and have been subject to administrative sanctions as referred to in paragraph (1) but have not yet fulfilled the provisions as referred to in Article 6 paragraph (1), are subject to administrative sanctions in the form of a fine of at least IDR 2,000,000,000.00 (two billion rupiah) and at most IDR 50,000,000,000.00 (fifty billion rupiah). (3) In the event that the Bank has been subject to administrative sanctions as referred to in paragraph (2), administrative sanctions in the form of fines:
a. in accordance with Article 6 paragraph (5) and/or Article 11 paragraph (5) of the Financial Services Authority Regulation concerning integrity of bank financial reporting; and/or b. in accordance with statutory provisions in the capital market sector related to non-compliance in fulfilling the obligation to prepare financial reports in accordance with financial accounting standards, shall not apply. (4) In the event that the Bank has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (2), and has not yet fulfilled the provisions as referred to in Article 2 paragraph (1), Article 3, Article 4 paragraph (1), Article 6 paragraph (1), paragraph (2), paragraph (4), Article 7 paragraph (1), paragraph (4), and/or paragraph (5), the Bank may be subject to administrative sanctions in the form of:
a. prohibition to issue new products; b. suspension of certain business activities;
c. prohibition to expand business activities;
d. prohibition to conduct new business activities; and/or e. reduction of the governance factor assessment in the health level assessment.
(5) In the event that the Bank has been subject to administrative sanctions as referred to in paragraph (1), paragraph (2), and/or paragraph (4) and continues to violate the provisions as referred to in Article 2 paragraph (1), Article 3, Article 4 paragraph (1), Article 6 paragraph (1), paragraph (2), paragraph (4), Article 7 paragraph (1), paragraph (4), and/or paragraph (5), the main party of the Bank may be subject to administrative sanctions in the form of prohibition as a main party in accordance with the Financial Services Authority Regulation concerning re-evaluation for main parties of financial services institutions. (6) In the event that the Bank violates the provisions as referred to in Article 6 paragraph (2) and has been subject to administrative sanctions as referred to in paragraph (1), paragraph (4), and/or paragraph (5), the Financial Services Authority has the authority to provide written instructions to the Bank to have the Bank's financial reports audited by a public accountant in accordance with the Financial Services Authority Regulation concerning the use of public accountant services and public accounting firms in financial services activities.

CHAPTER III
PUBLICATION REPORT INFORMATION

Part One
Financial Publication Report and Financial Performance Information

Article 9
(1) The Financial Publication Report and financial performance information as referred to in Article 2 paragraph (2) letter a and paragraph (3) letter a are prepared based on periods:
a. monthly; b. quarterly;
c. semi-annually; and
d. annually.
(2) For Banks that have a UUS, the UUS Financial Publication Report and financial performance information as referred to in Article 2 paragraph (4) are prepared based on quarterly periods.
(3) The scope, format, and method of filling out the Financial Publication Report and financial performance information as referred to in paragraph (1) and paragraph (2) are established by the Financial Services Authority.

Paragraph 1
Monthly Financial Publication Report and Financial Performance Information

Article 10
(1) Banks prepare, announce, and submit the Monthly Financial Publication Report and financial performance information as referred to in Article 9 paragraph (1) letter a for data positions at the end of January, February, April, May, July, August, October, and November. (2) The Monthly Financial Publication Report and financial performance information as referred to in paragraph (1) consists of at least a summary of the Bank's individual financial reports. (3) The summary of the Bank's individual financial reports as referred to in paragraph (2) consists of at least:
a. financial position reports; and b. profit and loss reports and other comprehensive income; and
c. commitments and contingencies reports.

Article 11
(1) Banks are required to:
a. announce the Monthly Financial Publication Report and financial performance information as referred to in Article 10 paragraph (1) on the Bank's website; and b. submit the Monthly Financial Publication Report and financial performance information as referred to in Article 10 paragraph (1) to the Financial Services Authority through the Financial Services Authority reporting system. (2) The announcement of the Monthly Financial Publication Report and financial performance information on the Bank's website as referred to in paragraph (1) letter a is carried out at the latest by the end of the following month after the data position of the report month. (3) Banks are required to maintain the announcement of the Monthly Financial Publication Report and financial performance information on the Bank's website as referred to in paragraph (1) letter a for at least the last 5 (five) years of reports. (4) The method and deadline for submitting the Monthly Financial Publication Report and financial performance information through the Financial Services Authority reporting system as referred to in paragraph (1) letter a are carried out in accordance with the method and deadline in accordance with the Financial Services Authority Regulation concerning reporting of general banks through the Financial Services Authority reporting system. (5) Banks that violate the provisions as referred to in paragraph (1) letter a are subject to administrative sanctions in accordance with the Financial Services Authority Regulation concerning reporting of general banks through the Financial Services Authority reporting system.

Paragraph 2
Quarterly Financial Publication Report and Financial Performance Information

Article 12
(1) Banks prepare, announce, and submit the Quarterly Financial Publication Report and financial performance information as referred to in Article 9 paragraph (1) letter b for data positions at the end of March, June, September, and December. (2) The Quarterly Financial Publication Report and financial performance information as referred to in paragraph (1) consists of at least a summary of the Bank's quarterly individual and consolidated financial reports, financial performance information, shareholder composition information and management structure, and the composition of the Sharia Supervisory Board for Banks conducting business activities based on Sharia principles. (3) For Banks that have a UUS, the UUS Quarterly Financial Publication Report and financial performance information as referred to in paragraph (1) consists of at least a summary of financial reports, financial performance information, and the composition of the Sharia Supervisory Board. (4) The summary of financial reports as referred to in paragraph (2) and paragraph (3) consists of at least a summary of financial position reports, profit and loss reports and other comprehensive income, and commitments and contingencies reports. (5) The Quarterly Financial Publication Report and financial performance information as referred to in paragraph (1) are presented in comparative form:
a. for financial reports of the comparative period, i.e., the period in accordance with financial accounting standards; and b. specifically for financial performance information of the comparative period, i.e., the previous period.

Article 13
(1) Banks are required to:
a. announce the Quarterly Financial Publication Report and financial performance information as referred to in Article 12 paragraph (1) on the Bank's website; and b. submit the Quarterly Financial Publication Report and financial performance information as referred to in Article 12 paragraph (1) to the Financial Services Authority through the Financial Services Authority reporting system. (2) The announcement of the Quarterly Financial Publication Report and financial performance information on the Bank's website as referred to in paragraph (1) letter a is carried out at the latest:
a. at the end of the third month after the date of the Quarterly Financial Publication Report and financial performance information for data positions at the end of March, June, and September, if accompanied by a public accountant's report in the framework of audit; b. at the end of the second month after the date of the Quarterly Financial Publication Report and financial performance information for data positions at the end of March, June, and September, if accompanied by a public accountant's report in the framework of limited review or review;
c. at the end of the first month after the date of the Quarterly Financial Publication Report and financial performance information for data positions at the end of March, June, and September, if not accompanied by a public accountant's report in the framework of audit and in the framework of limited review or review; and
d. end of March of the following year for data positions at the end of December.
(3) In the event that the Quarterly Financial Publication Report and financial performance information will be audited, subjected to limited review, or reviewed by a public accountant as referred to in paragraph (2) letter a and paragraph (2) letter b, the Bank submits a notification letter to the Financial Services Authority at the latest before the end of the report month. (4) In the event that the Quarterly Financial Publication Report and financial performance information is audited, subjected to limited review, or reviewed, the public accountant conducting the audit, limited review, or review must be a public accountant in accordance with the Financial Services Authority Regulation concerning the use of public accountant services and public accounting firms in financial services activities. (5) The Bank submits the notification letter as referred to in paragraph (3) to the Financial Services Authority and addressed to:
https://jdih.ojk.go.id/

a. The Department of Supervision of Related Banks or the Financial Services Authority Office in Jakarta, for Banks headquartered in the Special Capital Region of Jakarta Province; or b. The local Financial Services Authority Office according to the area where the Bank's headquarters is located, for Banks headquartered outside the Special Capital Region of Jakarta Province. (6) Banks are required to maintain announcements of Quarterly Financial Publication Reports and financial performance information on the Bank's website as referred to in paragraph (1) letter a for at least the last 5 (five) years of reports. (7) The procedure and deadline for submitting Quarterly Financial Publication Reports and financial performance information through the Financial Services Authority reporting system as referred to in paragraph (1) letter b are carried out in accordance with the procedure and deadline in accordance with Financial Services Authority regulations regarding the reporting of general banks through the Financial Services Authority reporting system. (8) Banks that violate the provisions as referred to in paragraph (1) letter b are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding the reporting of general banks through the Financial Services Authority reporting system. (9) Banks that violate the provisions as referred to in paragraph (4) are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding the use of public accountants and public accounting firms in financial services activities.

Article 14
(1) In addition to announcing Quarterly Financial Publication Reports and financial performance information on the Bank's website as referred to in Article 13 paragraph (1) letter a, Banks may announce Quarterly Financial Publication Reports and financial performance information in daily newspapers in Indonesian distributed nationally and/or other electronic media. (2) The announcement of Quarterly Financial Publication Reports and financial performance information in newspapers as referred to in paragraph (1) must be signed by:
a. the Bank's President Director and 1 (one) member of the Board of Directors who oversees the accounting function for Banks conducting conventional business activities, for Quarterly Financial Publication Reports and financial performance information of Banks as referred to in Article 12 paragraph (2); b. the Bank's President Director, 1 (one) member of the Board of Directors who oversees the accounting function, and 1 (one) member of the Sharia Supervisory Board for Banks conducting business activities based on Sharia principles, for Quarterly Financial Publication Reports and financial performance information of Banks as referred to in Article 12 paragraph (2); and
c. the Director who oversees the Sharia Business Unit and 1 (one) member of the Sharia Supervisory Board for the Sharia Business Unit, for Quarterly Financial Publication Reports and financial performance information of the Sharia Business Unit as referred to in Article 12 paragraph (3).
(3) The figures presented in the Quarterly Financial Publication Report and financial performance information in newspapers and/or other electronic media as referred to in paragraph (1) must be in accordance with those disclosed in the Quarterly Financial Publication Report and financial performance information announced on the Bank's website as referred to in Article 13 paragraph (1) letter a. (4) In the event that a Bank announces Quarterly Financial Publication Reports and financial performance information in daily newspapers in Indonesian distributed nationally as referred to in paragraph (1), the Bank is required to announce proof of announcement in the newspaper on the Bank's website within the deadline in Article 13 paragraph (2).

Paragraph 3
Semi-Annual Financial Publication Reports and Financial Performance Information

Article 15
(1) Banks prepare, announce, and/or submit Semi-Annual Financial Publication Reports and financial performance information as referred to in Article 9 paragraph (1) letter c for data positions at the end of June and/or December. (2) Semi-Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) consist of at least:
a. interim financial reports for Banks that are Issuers or Public Companies in accordance with Financial Services Authority Regulations regarding the submission of periodic reports by issuers or public companies; and/or b. reports for Banks that are part of a business group. (3) Semi-Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) are presented in comparative form in accordance with financial accounting standards. (4) Reports for Banks that are part of a business group as referred to in paragraph (2) letter b consist of at least:
a. a summary of consolidated financial reports of the Parent Entity in the financial business group; or b. a summary of consolidated financial reports of the Parent Entity in the financial and non-financial business group. (5) In the event that the Parent Entity as referred to in paragraph (4) letter a and/or paragraph (4) letter b is a Bank, then:
a. Banks that are members of the business group only include a link to the Parent Entity's Publication Report which is a Bank; and b. the provisions as referred to in paragraph (2) letter b and paragraph (4) do not apply to Banks that are members of the business group.

Article 16
(1) Banks that are Issuers or Public Companies are required to prepare, announce, and/or submit interim financial reports as referred to in Article 15 paragraph (2) letter a in accordance with Financial Services Authority Regulations regarding the submission of periodic reports by issuers or public companies. (2) Banks are required to announce reports for Banks that are part of a business group as referred to in Article 15 paragraph (2) letter b on the Bank's website. (3) The announcement of reports for Banks that are part of a business group as referred to in paragraph (2) is carried out on the Bank's website, at the latest:
a. on the 15th of the second month after the end of the reporting month, for reports with data positions at the end of June; and b. at the end of March of the following year for reports with data positions at the end of December. (4) In the event that the financial reports of the Parent Entity as referred to in Article 15 paragraph (2) letter b are entities outside Indonesia, the deadline for announcing reports on the Bank's website as referred to in paragraph (3) is at the latest 1 (one) month after the submission deadline in the jurisdiction of the Parent Entity. (5) Banks are required to maintain announcements of Semi-Annual Financial Publication Reports and financial performance information on the Bank's website as referred to in paragraph (2) for at least the last 5 (five) years of reports. (6) Banks that violate the provisions as referred to in paragraph (1) are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding the submission of periodic financial reports by issuers or public companies.

Paragraph 4
Annual Financial Publication Reports and Financial Performance Information

Article 17
(1) Banks prepare, announce, and submit Annual Financial Publication Reports and financial performance information as referred to in Article 9 paragraph (1) letter d for data positions at the end of December.
(2) Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) must be signed by:
a. all members of the Board of Directors and Board of Commissioners for Banks conducting conventional business activities; and b. all members of the Board of Directors and Board of Commissioners as well as members of the Sharia Supervisory Board for Banks conducting business activities based on Sharia principles and Banks that have Sharia Business Units. (3) Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) consist of at least:
a. general information; b. financial performance information;
c. risk exposure and capital reports;
d. information on related parties; e. information related to the Bank's business group (if any); f. reports on governance implementation in accordance with Financial Services Authority Regulations regarding the application of governance for general banks and Financial Services Authority Regulations regarding the application of Sharia governance for Sharia general banks and Sharia business units; g. internal control reports in the Bank's financial reporting process in accordance with Financial Services Authority Regulations regarding the integrity of bank financial reporting; and h. financial reports audited by public accountants, including independent auditor reports. (4) Annual Financial Publication Reports and financial performance information as referred to in paragraph (3) may be added with other reports in accordance with applicable legislation. (5) Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) must be prepared for 1 (one) Fiscal Year. (6) Financial performance information in Annual Financial Publication Reports and financial performance information as referred to in paragraph (1) is presented at least in comparative form with the same period in the year prior to the reporting period. (7) For Banks that are Issuers or Public Companies, in addition to fulfilling the provisions as referred to in paragraph (3), Banks are required to fulfill the scope of annual reports in accordance with Financial Services Authority Regulations regarding annual reports of issuers or public companies. (8) Banks that violate the provisions as referred to in paragraph (7) are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding annual reports of issuers or public companies. (9) The signing obligation as referred to in paragraph (2) is carried out in a statement of declaration in a format established by the Financial Services Authority.

Article 18
(1) Banks are required to:
a. announce Annual Financial Publication Reports and financial performance information as referred to in Article 17 paragraph (1) on the Bank's website; and b. submit Annual Financial Publication Reports and financial performance information as referred to in Article 17 paragraph (1) to the Financial Services Authority through the Financial Services Authority reporting system. (2) The announcement of Annual Financial Publication Reports and financial performance information on the Bank's website as referred to in paragraph (1) letter a is carried out at the latest 4 (four) months after the end of the Fiscal Year. (3) Banks are required to maintain announcements of Annual Financial Publication Reports and financial performance information on the Bank's website as referred to in paragraph (1) letter a for at least the last 5 (five) years of reports. (4) The procedure and deadline for submitting Annual Financial Publication Reports and financial performance information through the Financial Services Authority reporting system as referred to in paragraph (1) letter b are carried out in accordance with the procedure and deadline in Financial Services Authority Regulations regarding the reporting of general banks through the Financial Services Authority reporting system. (5) Banks that violate the provisions as referred to in paragraph (1) letter b are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding the reporting of general banks through the Financial Services Authority reporting system.

Article 19
(1) Banks are required to disclose a table of contents for each piece of information in the Annual Financial Publication Report and financial performance information as referred to in Article 17 paragraph (1).
(2) The format and procedure for disclosing the table of contents as referred to in paragraph (1) are established by the Financial Services Authority.

Article 20
(1) For Banks that are Issuers or Public Companies, Annual Financial Publication Reports and financial performance information as referred to in Article 17 paragraph (1) are submitted through the electronic reporting system for Issuers or Public Companies. (2) The procedure for submitting Annual Financial Publication Reports and financial performance information through the electronic reporting system for Issuers or Public Companies as referred to in paragraph (1) is carried out in accordance with the procedure in Financial Services Authority Regulations regarding the submission of reports through the electronic reporting system for issuers or public companies. (3) The submission deadline for Annual Financial Publication Reports and financial performance information through the electronic reporting system for Issuers or Public Companies as referred to in paragraph (1) is in accordance with Financial Services Authority Regulations regarding annual reports of issuers or public companies.

Part Two
Risk Exposure and Capital Publication Reports

Article 21
(1) Banks prepare and announce Risk Exposure and Capital Publication Reports as referred to in Article 2 paragraph (2) letter b and paragraph (3) letter b.
(2) Risk Exposure and Capital Publication Reports as referred to in paragraph (1) consist of at least capital, credit risk, market risk, operational risk, liquidity risk, legal risk, reputation risk, strategic risk, compliance risk, and governance. (3) For Banks conducting business activities based on Sharia principles and Banks that have Sharia Business Units, Risk Exposure and Capital Publication Reports as referred to in paragraph (2) are added with investment risk information and yield risk information. (4) For Banks that exercise Control over Child Entities that have different business characteristics from the Bank, Risk Exposure and Capital Publication Reports as referred to in paragraph (2) are added with specific risk information on a consolidated basis in accordance with applicable legislation. (5) Banks prepare Risk Exposure and Capital Publication Reports as referred to in paragraph (1) by considering the principles:
a. clear; b. comprehensive;
c. useful;
d. consistent; and e. comparable.
(6) Banks that exercise Control over Child Entities prepare Risk Exposure and Capital Publication Reports as referred to in paragraph (1) on an individual and consolidated basis.
(7) The scope, format, and procedure for filling out Risk Exposure and Capital Publication Reports as referred to in paragraph (1) are established by the Financial Services Authority.

Article 22
(1) Risk Exposure and Capital Publication Reports as referred to in Article 2 paragraph (2) letter b and paragraph (3) letter b are prepared and presented in the form of:
a. quarterly; and b. annual.
(2) The preparation and announcement of Risk Exposure and Capital Publication Reports as referred to in paragraph (1) are carried out when Banks have obligations, meet criteria, and/or conduct certain activities in accordance with Financial Services Authority regulations. (3) Risk Exposure and Capital Publication Reports as referred to in paragraph (1) that are quantitative are presented in comparative form with the previous period. (4) In the event that Risk Exposure and Capital Publication Reports as referred to in paragraph (1) are prepared for the first time, the comparison period is established by the Financial Services Authority. (5) Risk Exposure and Capital Publication Reports as referred to in paragraph (1) are presented in a separate document.

Paragraph 1
Quarterly Risk Exposure and Capital Publication Reports

Article 23
Banks prepare and announce Quarterly Risk Exposure and Capital Publication Reports as referred to in Article 22 paragraph (1) letter a for data positions at the end of March, June, and September.

Article 24
(1) Banks are required to announce Quarterly Risk Exposure and Capital Publication Reports as referred to in Article 23 on the Bank's website.
(2) The announcement of Quarterly Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) is in the format:
a. Portable Document Format (PDF); and b. documents in a form that allows users to copy and further process while still considering data security aspects.
(3) The announcement of Quarterly Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) is carried out at the latest:
a. at the end of the third month after the date of the Quarterly Risk Exposure and Capital Publication Report for reports with data positions at the end of March, June, and September, if the Quarterly Financial Publication Report and financial performance information is accompanied by a public accountant's report in the context of an audit as referred to in Article 13 paragraph (2) letter (a); b. at the end of the second month after the date of the Quarterly Risk Exposure and Capital Publication Report for reports with data positions at the end of March, June, and September, if the Quarterly Financial Publication Report and financial performance information is accompanied by a public accountant's report in the context of a limited review or review as referred to in Article 13 paragraph (2) letter (b); and
c. at the end of the first month after the date of the Quarterly Risk Exposure and Capital Publication Report for reports with data positions at the end of March, June, and September, if the Quarterly Financial Publication Report and financial performance information is not accompanied by a public accountant's report in the context of an audit and in the context of a limited review or review as referred to in Article 13 paragraph (2) letter (c).
(4) Banks are required to maintain announcements of Quarterly Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) for at least the last 5 (five) years of reports.
(5) In the event that Banks have not maintained announcements of Risk Exposure and Capital Publication Reports as referred to in paragraph (2) and paragraph (4), Banks are required to gradually fulfill the provisions of this Financial Services Authority Regulation.

Paragraph 2
Annual Risk Exposure and Capital Publication Reports

Article 25
Banks prepare and announce Annual Risk Exposure and Capital Publication Reports as referred to in Article 22 paragraph (1) letter b for data positions at the end of December.

Article 26
(1) Banks are required to:
a. announce Annual Risk Exposure and Capital Publication Reports as referred to in Article 25 on the Bank's website; and b. add risk exposure and capital information to the Annual Financial Publication Report and financial performance information as referred to in Article 17 paragraph (3). (2) The announcement of Annual Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) letter a is in the format:
a. Portable Document Format (PDF); and b. documents in a form that allows users to copy and further process while still considering data security aspects.
(3) The announcement of Annual Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) letter a is carried out at the latest on March 31 of the following year.
(4) Banks are required to maintain announcements of Annual Risk Exposure and Capital Publication Reports on the Bank's website as referred to in paragraph (1) letter a for at least the last 5 (five) years of reports. (5) In the event that Banks have not maintained announcements of Risk Exposure and Capital Publication Reports as referred to in paragraph (2) and paragraph (4), Banks are required to gradually fulfill the provisions of this Financial Services Authority Regulation. (6) The figures presented in the Annual Risk Exposure and Capital Publication Report as referred to in Article 25 must be in accordance with those disclosed in the audited financial reports.

Part Three
Publication of Material Information or Facts

Article 27
(1) Banks prepare, announce, and submit Incidental Publication Reports of material information or facts as referred to in Article 2 paragraph (2) letter c and paragraph (3) letter c.
(2) Publication Reports of material information or facts as referred to in paragraph (1) cover important and relevant material information or facts regarding events, occurrences, or facts that can influence the decision-making of interested parties regarding the information or facts. (3) Publication Reports of material information or facts as referred to in paragraph (1) must be signed by:
a. 1 (one) member of the Bank's Board of Directors; or b. 1 (one) member of the Board of Directors or company secretary who has been given a written power of attorney by the Board of Directors, for Banks that are Issuers or Public Companies. (4) The scope, format, and procedure for filling out Publication Reports of material information or facts as referred to in paragraph (1) are established by the Financial Services Authority. (5) Banks that violate the provisions as referred to in paragraph (3) letter b are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding transparency of material information or facts by issuers or public companies.

Article 28
(1) Banks are required to:
a. announce Publication Reports of material information or facts as referred to in Article 27 paragraph (1) on the Bank's website; and b. submit Publication Reports of material information or facts as referred to in Article 27 paragraph (1) to the Financial Services Authority through the Financial Services Authority reporting system. (2) The announcement of Publication Reports of material information or facts as referred to in paragraph (1) letter a and the submission of Publication Reports of material information or facts as referred to in paragraph (1) letter b are carried out at the latest 2 (two) business days after the existence of material information or facts. (3) The procedure for submitting Publication Reports of material information or facts to the Financial Services Authority as referred to in paragraph (1) letter b is carried out in accordance with Financial Services Authority Regulations regarding the reporting of general banks through the Financial Services Authority reporting system. (4) Banks that violate the provisions as referred to in paragraph (1) letter b are subject to administrative sanctions in accordance with Financial Services Authority Regulations regarding the reporting of general banks through the Financial Services Authority reporting system.

Article 29
(1) For Banks that are Issuers or Public Companies, in addition to fulfilling the provisions as referred to in Article 27 paragraph (2), Banks are required to fulfill the scope of Publication Reports of material information or facts in accordance with Financial Services Authority Regulations regarding the development and strengthening of issuers and public companies. (2) For Banks that are Issuers or Public Companies, the deadline for announcing Publication Reports of material information or facts as referred to in Article 28 paragraph (1) letter a must be in accordance with Financial Services Authority Regulations regarding the development and strengthening of issuers and public companies.

(3) For Banks that are Issuers or Public Companies, the Public Disclosure Report of information or material facts as referred to in Article 27 paragraph (1) must be submitted through the electronic reporting system for Issuers or Public Companies.

(4) The submission deadline for the Public Disclosure Report of information or material facts through the electronic reporting system for Issuers or Public Companies as referred to in paragraph (2) is in accordance with the Financial Services Authority Regulation regarding the development and strengthening of issuers and public companies.

(5) The procedure for submitting the Public Disclosure Report of information or material facts through the electronic reporting system for Issuers or Public Companies as referred to in paragraph (3) is carried out in accordance with the Financial Services Authority Regulation regarding the submission of reports through the electronic reporting system for issuers or public companies.

(6) Banks that violate the provisions as referred to in paragraph (1) and paragraph (2) are subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding the development and strengthening of issuers and public companies.

(7) Banks that violate the provisions as referred to in paragraph (3) are subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding the submission of reports through the electronic reporting system for issuers or public companies.

Fourth Section
Public Disclosure Report of Base Credit Interest Rates

Article 30

(1) Banks conducting conventional business activities, including branches of Banks located abroad, must prepare and announce the Public Disclosure Report of base credit interest rates to the public as referred to in Article 2 paragraph (2) letter d.

(2) Banks that violate the provisions as referred to in paragraph (1) are subject to administrative sanctions in accordance with the Financial Services Authority Regulation regarding transparency and publication of base credit interest rate reports for conventional commercial banks.

Fifth Section
Other Reports

Article 31

(1) Banks must prepare, announce, and/or submit other reports as referred to in Article 2 paragraph (2) letter h, paragraph (3) letter g, and paragraph (4).

https://jdih.ojk.go.id/

(2) Banks that violate the provisions as referred to in paragraph (1) are subject to administrative sanctions in accordance with applicable laws and regulations.

Sixth Section
Bank Websites

Article 32

(1) Bank websites as referred to in Article 11 paragraph (1) letter a, Article 13 paragraph (1) letter a, Article 16 paragraph 2, Article 18 paragraph (1) letter a, Article 24 paragraph (1), Article 26 paragraph (1) letter a, and Article 28 paragraph (1) letter a must meet the following criteria:
a. comply with applicable laws and regulations; b. have specific links for information on the Bank's website homepage;
c. reflect the Bank's identity; and
d. have an Indonesian domain.

(2) For new Banks, intermediary Banks, Banks resulting from mergers, consolidations, separations, integrations, conversions, or changes in business activities from conventional Banks to Sharia-based Banks, which have been operating for less than 5 (five) years, compliance with the provisions as referred to in Article 11 paragraph (3), Article 13 paragraph (6), Article 16 paragraph (5), Article 18 paragraph (3), Article 24 paragraph (4), and Article 26 paragraph (4) is carried out gradually.

Seventh Section
Force Majeure

Article 33

(1) In the event that a Bank experiences force majeure such that it cannot announce the Public Disclosure Report until the announcement deadline, the Bank must notify the Financial Services Authority in writing to obtain a postponement of the Public Disclosure Report announcement deadline.

(2) The written notification as referred to in paragraph (1) is addressed to:
a. the relevant Bank Supervision Department or the Financial Services Authority Office in Jakarta, for Banks with headquarters in the Special Capital Region of Jakarta; or b. the local Financial Services Authority Office according to the area where the Bank's headquarters is located, for Banks with headquarters outside the Special Capital Region of Jakarta.

https://jdih.ojk.go.id/

Eighth Section
Administrative Sanctions

Article 34

(1) Banks that violate the provisions as referred to in Article 11 paragraph (1) letter a, paragraph (3), Article 13 paragraph (1) letter a, paragraph (6), Article 14 paragraph (2), paragraph (4), Article 16 paragraph (2), paragraph (5), Article 17 paragraph (2), paragraph (5), Article 18 paragraph (1) letter a, paragraph (3), Article 19 paragraph (1), Article 24 paragraph (1), paragraph (4), paragraph (5), Article 26 paragraph (1), paragraph (4), paragraph (5), Article 27 paragraph (3) letter a, and/or Article 28 paragraph (1) letter a, are subject to administrative sanctions in the form of written warnings.

(2) In the event that a Bank has been subject to administrative sanctions as referred to in paragraph (1) and has not yet complied with the provisions as referred to in Article 11 paragraph (1) letter a, paragraph (3), Article 13 paragraph (1) letter a, paragraph (6), Article 14 paragraph (2), paragraph (4), Article 16 paragraph (2), paragraph (5), Article 17 paragraph (2), paragraph (5), Article 18 paragraph (1) letter a, paragraph (3), Article 19 paragraph (1), Article 24 paragraph (1), paragraph (4), paragraph (5), Article 26 paragraph (1), paragraph (4), paragraph (5), Article 27 paragraph (3) letter a, and/or Article 28 paragraph (1) letter a, the Bank may be subject to administrative sanctions in the form of:
a. prohibition to issue new products; b. suspension of certain business activities;
c. prohibition to expand business activities;
d. prohibition to conduct new business activities; and/or e. reduction of governance factor assessment in the health level assessment.

(3) For errors in information announced as referred to in Article 11 paragraph (1) letter a, Article 13 paragraph (1) letter a, Article 14 paragraph (3), Article 16 paragraph (2), Article 18 paragraph (1) letter a, Article 24 paragraph (1), Article 26 paragraph (1) letter a, and/or Article 28 paragraph (1) letter a, Banks are subject to administrative sanctions in the form of:
a. written warnings; b. prohibition to issue new products;
c. suspension of certain business activities;
d. prohibition to expand business activities; e. prohibition to conduct new business activities; and/or f. reduction of governance factor assessment in the health level assessment.

(4) In the event that a Bank has been subject to administrative sanctions as referred to in paragraph (1) and/or paragraph (3) and continues to violate the provisions as referred to in Article 11 paragraph (1) letter a, paragraph (3), Article 13 paragraph (1) letter a, paragraph (6), Article 14 paragraph (2), paragraph (3), paragraph (4), Article 16 paragraph (2), paragraph (5), Article 17 paragraph (2), paragraph (5), Article 18 paragraph (1) letter a, paragraph (3), Article 19 paragraph (1), Article 24 paragraph (1), paragraph (4), paragraph (5), Article 26 paragraph (1), paragraph (4), paragraph (5), Article 27 paragraph (3) letter a, and/or Article 28 paragraph (1) letter a, the Bank's principal parties may be subject to administrative sanctions in the form of prohibition as principal parties in accordance with the Financial Services Authority Regulation regarding the reassessment of principal parties of financial service institutions.

(5) A Bank is deemed not to have announced the Public Disclosure Report completely as referred to in Article 4 paragraph (1) in the event that the Public Disclosure Report is not accompanied by the report completeness as referred to in Article 10 paragraph (2), Article 12 paragraph (2), paragraph (3), Article 15 paragraph (2), paragraph (4), Article 17 paragraph (3), Article 19, Article 21 paragraph (2), paragraph (3), paragraph (4), paragraph (6), Article 22 paragraph (3), paragraph (5), Article 24 paragraph (2), Article 26 paragraph (2), and Article 27 paragraph (2).

Article 35

In the event that a Bank:
a. makes corrections to the Public Disclosure Report based on the results of audits or limited reviews by public accountants; b. announces corrections to the Public Disclosure Report before the final announcement deadline in this Financial Services Authority Regulation; and/or
c. experiences force majeure,
the Bank may be exempted from the imposition of administrative sanctions as referred to in Article 34.

CHAPTER IV
OTHER PROVISIONS

Article 36

Compliance with competence as referred to in Article 7 paragraph (4) must be implemented no later than 24 (twenty-four) months since this Financial Services Authority Regulation takes effect.

Article 37

(1) Banks announce:
a. Quarterly Financial and Financial Performance Information Public Disclosure Reports as referred to in Article 13 paragraph (1) letter a; and b. Quarterly Risk Exposure and Capital Public Disclosure Reports as referred to in Article 24 paragraph (1), for the first time for data as of September 2026.

(2) Banks announce:
a. Annual Financial and Financial Performance Information Public Disclosure Reports as referred to in Article 18 paragraph (1) letter a; and b. Annual Risk Exposure and Capital Public Disclosure Reports as referred to in Article 26 paragraph (1) letter a, for the first time for data as of December 2026.

(3) The scope of announcement of Annual Financial and Financial Performance Information Public Disclosure Reports for the Fiscal Year 2025 is carried out in accordance with Financial Services Authority Regulation Number 37/POJK.03/2019 https://jdih.ojk.go.id/

regarding Transparency and Publication of Bank Reports and its implementing provisions, plus the internal control report in the Bank's financial reporting process as referred to in Article 17 paragraph (3) letter g.

Article 38

The Financial Services Authority may establish policies different from this Financial Services Authority Regulation based on specific considerations.

CHAPTER V
TRANSITIONAL PROVISIONS

Article 39

At the time this Financial Services Authority Regulation takes effect, Banks that have violated provisions regarding Public Disclosure Reports prior to the effectiveness of this Financial Services Authority Regulation, examinations, decisions, and the imposition of sanctions for such violations are based on Financial Services Authority Regulation Number 37/POJK.03/2019 regarding Transparency and Publication of Bank Reports.

CHAPTER VI
FINAL PROVISIONS

Article 40

At the time this Financial Services Authority Regulation takes effect, the implementing provisions of Financial Services Authority Regulation Number 37/POJK.03/2019 regarding Transparency and Publication of Bank Reports (State Gazette of the Republic of Indonesia Year 2019 Number 248, Supplement to the State Gazette of the Republic of Indonesia Number 6441) are declared to remain in force insofar as they do not conflict with the provisions in this Financial Services Authority Regulation.

Article 41

At the time this Financial Services Authority Regulation takes effect, Financial Services Authority Regulation Number 37/POJK.03/2019 regarding Transparency and Publication of Bank Reports (State Gazette of the Republic of Indonesia Year 2019 Number 248, Supplement to the State Gazette of the Republic of Indonesia Number 6441) is repealed and declared invalid.

Article 42

This Financial Services Authority Regulation takes effect after 6 (six) months from the date of enactment.

https://jdih.ojk.go.id/

This copy is consistent with the original
Director of Legal Development Head
Legal Department signed
Aat Windradi

To ensure everyone knows it, ordering the enactment of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia.

Established in Jakarta on August 4, 2025
CHAIRMAN OF THE COMMISSIONERS
FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA, signed
MAHENDRA SIREGAR

Enacted in Jakarta on August 8, 2025
MINISTER OF LAW OF THE REPUBLIC OF INDONESIA, signed SUPRATMAN ANDI AGTAS

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2025 NUMBER 26/OJK https://jdih.ojk.go.id/

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 18 OF 2025
REGARDING
TRANSPARENCY AND PUBLICATION OF BANK REPORTS

I. GENERAL

The provision of complete, accurate, up-to-date, comprehensive, timely, and comparable banking information regarding financial conditions, financial performance, risk exposure and capital, and other information to the public is a fundamental aspect to enhance public trust in order to support a stable banking system. Furthermore, information transparency becomes more comprehensive with information from Parent Entities, Subsidiary Entities, related companies, and business groups as an effort to understand the increasingly complex structure of Bank business groups and potential risk exposure from various activities. This will increase market discipline and reduce financial information gaps both domestically and across jurisdictions.

Comprehensive, complete, accurate, up-to-date, comprehensive, timely, and comparable information disclosure can help the public make fair assessments of Banks, while simultaneously promoting the creation of a healthy, independent, and competitive financial services sector, which ultimately drives banking system stability.

Financial Services Authority Regulation Number 37/POJK.03/2019 regarding Transparency and Publication of Bank Reports, which has been in effect so far, is not in line with the development of international standards and national legal dynamics, hence the need to formulate a new, more relevant and effective Financial Services Authority Regulation.

Based on the above, it is necessary to improve the provisions regarding transparency and publication of Bank reports.

II. ARTICLE BY ARTICLE

Article 1

Sufficiently clear.

Article 2

Paragraph (1)

Sufficiently clear.

Paragraph (2)

Letter a

Financial Public Disclosure Reports are financial reports prepared in accordance with financial accounting standards.

Financial Performance Information Public Disclosure Reports include performance indicators and prudential indicators of Banks.

Letter b

Risk Exposure and Capital Public Disclosure Reports contain information including risks faced by Banks and the composition of Bank capital. The preparation of information refers to documents issued by the Basel Committee on Banking Supervision (BCBS) and Financial Services Authority regulations regarding risk management implementation for commercial banks.

Letter c

Sufficiently clear.

Letter d

Base credit interest rates are an indication of the lowest effective credit interest rates reflecting the cost of funds for credit (cost of fund), overhead costs (overhead cost), and profit margins incurred by Banks conducting conventional business activities, including branches of Banks located abroad, for credit distribution activities, and subsequently used as a reference in setting credit interest rates to be charged to customers in accordance with Financial Services Authority regulations regarding transparency and publication of base credit interest rates for conventional commercial banks.

The Public Disclosure Report of base credit interest rates is a report regarding base credit interest rates announced by Banks conducting conventional business activities, including branches of Banks located abroad, to the public.

Letter e

Sufficiently clear.

Letter f

Sufficiently clear.

Letter g

Sufficiently clear.

Letter h

Sufficiently clear.

Paragraph (3)

Letter a

See explanation of paragraph (2) letter a.

Letter b

Risk Exposure and Capital Public Disclosure Reports contain information including risks faced by Banks and the composition of Bank capital. The preparation of information refers to documents issued by the Basel Committee on Banking Supervision (BCBS), Islamic Financial Services Board (IFSB), and Financial Services Authority regulations regarding risk management implementation for Sharia commercial banks and Sharia business units.

Letter c

Sufficiently clear.

Letter d

Sufficiently clear.

Letter e

Sufficiently clear.

Letter f

Sufficiently clear.

Letter g

Sufficiently clear.

Paragraph (4)

Sufficiently clear.

Article 3

Sufficiently clear.

Article 4

Paragraph (1)

Sufficiently clear.

Paragraph (2)

In the event that available, the financial report figures used are audited figures.

Paragraph (3)

The term "public accountant" refers to public accountants in accordance with Financial Services Authority regulations regarding the use of public accountant services and public accounting firms in financial service activities.

Examples of Financial Services Authority requests include requests for audits of Quarterly Financial and Financial Performance Information Public Disclosure Reports as of June data in the context of corporate actions.

Article 5

Paragraph (1)

The term "board of directors' responsibility" includes establishing and ensuring the functioning of effective internal control structures over Public Disclosure Report disclosures.

Paragraph (2)

The term "board of commissioners' responsibility" includes supervision over Public Disclosure Report disclosures.

Paragraph (3)

The term "board of commissioners' responsibility" includes supervision over Public Disclosure Report disclosures.

The term "board of Sharia supervisors' responsibility" includes, among others, the relevance of Financial and Financial Performance Information Public Disclosure Reports to Sharia principles.

Article 6

Paragraph (1)

For Banks conducting business activities based on Sharia principles and Banks having Sharia Business Units (UUS), financial accounting standards include Sharia financial accounting standards.

Differences in presentation in Financial and Financial Performance Information Public Disclosure Reports compared to financial reports based on financial accounting standards are possible, caused by the format regulations for Financial and Financial Performance Information Public Disclosure Reports established by the Financial Services Authority.

In the event that financial accounting standards change to financial reporting standards in accordance with applicable laws and regulations, compliance with financial reporting standards in accordance with applicable laws and regulations is followed.

Paragraph (2)

The term "public accountant" see explanation of Article 4 paragraph (3).

Paragraph (3)

Sufficiently clear.

Paragraph (4)

Sufficiently clear.

Paragraph (5)

Sufficiently clear.

Paragraph (6)

The term "temporary" includes Banks investing funds and releasing them within a maximum period of 12 (twelve) months from the financial report position in the year of obtaining temporary equity participation in the context of credit or financing restructuring or meeting criteria as non-current assets held for sale and the Bank does not exercise Control.

Article 7

Paragraph (1)

Letter a

Sufficiently clear.

Letter b

Ensuring that report preparers do not violate assessment criteria in Financial Services Authority regulations regarding commercial banks and Financial Services Authority regulations regarding Sharia commercial banks, including through the operation of dual control mechanisms in financial report preparation, periodic audits of financial report preparation by internal and external parties, including monitoring the integrity of financial report preparers through the implementation of employee awareness policies in accordance with Financial Services Authority regulations regarding anti-fraud strategy implementation for financial service institutions.

Competency updates are carried out, among others, by following the latest developments in financial accounting standards through seminars, courses, or other advanced education.

Paragraph (2)

Integrity statements may take the form of integrity pacts as long as the substance of the integrity pacts includes statements to maintain integrity and comply with applicable laws and regulations and orders and/or decisions of the Financial Services Authority in the financial report preparation process.

Paragraph (3)

Examples of having accounting knowledge include having chartered accountant certification or participating in continuing development programs in the form of training, education, or certification organized by internal or external Banks and proven by certificates.

Examples of having accounting experience include having work experience in work units or institutions with primary duties related to accounting or audits, including as financial report preparers.

Paragraph (4)

The obligation to have competence includes fulfilling the obligation to maintain and improve competence through continuing professional education activities at least annually in accordance with requirements.

The term "members of the financial report preparatory team" refers to preparers or financial report preparers in divisions with accounting and/or financial reporting functions under the Bank's Board of Directors that oversee accounting functions.

The term "bank groups based on core capital" refers to Financial Services Authority regulations regarding commercial banks for Banks conducting conventional business activities and Financial Services Authority regulations regarding Sharia commercial banks for Banks conducting business activities based on Sharia principles.

The term "1 (one) level above the lowest level" refers to professional-level examinations organized by organizations recognized by the Republic of Indonesia Government. In the event of changes in certification examination levels and/or organizers, the applicable levels and/or authorized organizers are followed.

The term "lowest level" refers to basic-level certification examinations, also known as Certification in Accounting Finance and Business (CAFA), organized by organizations recognized by the Republic of Indonesia Government. In the event of changes in certification examination levels and/or organizers, the applicable levels and/or authorized organizers are followed.

Paragraph (5)

The term "ending employment" includes career retirement, early retirement, dismissal, voluntary resignation, expiration of term or contract, or death. Ending employment that falls under the compliance criteria within a maximum of 1 (one) year from the effective date of ending employment refers to conditions that cannot be planned by the Bank. Replacement of Executive Officials and/or members of the financial report preparatory team must at least have competence passing chartered accountant certification examinations at an equivalent level.

Paragraph (6)

The granting of specific considerations by the Financial Services Authority is based on documented evidence of the Bank's efforts to fulfill the competence of Executive Officials and/or members of the financial report preparatory team.

Paragraph (7)

Sufficiently clear.

Article 8

Sufficiently clear.

Article 9

Paragraph (1)

Sufficiently clear.

Paragraph (2)

Financial and Financial Performance Information Public Disclosure Reports are prepared by Sharia Business Units (UUS) and announced together with the Bank's Financial and Financial Performance Information Public Disclosure Reports.

Paragraph (3)

Sufficiently clear.

Article 10

Sufficiently clear.

Article 11

Paragraph (1)

Sufficiently clear.

Paragraph (2)

Example:
Banks announce Monthly Financial and Financial Performance Information Public Disclosure Reports for data as of April 30, 2026, on the Bank's website no later than May 31, 2026.

Paragraph (3)

Example:
For data as of April 30, 2031, Banks maintain announcements of Monthly Financial and Financial Performance Information Public Disclosure Reports on the Bank's website at least since the Monthly Financial and Financial Performance Information Public Disclosure Reports for data as of April 30, 2026.

Paragraph (4)

Sufficiently clear.

Paragraph (5)

Sufficiently clear.

Article 12

Paragraph (1)

Sufficiently clear.

Paragraph (2)

Sufficiently clear.

Paragraph (3)

Sufficiently clear.

Paragraph (4)

Sufficiently clear.

Paragraph (5)

Letter a

Example:
Summary of financial position reports for data as of March 2027 are presented in comparison with summary of financial position reports for data as of December 2026.

Letter b
Example 1:
Information on the Return on Asset (ROA) ratio in the financial performance information for data as of March 2027 is presented in comparison with data as of March 2026.
Example 2:
The report on the source and distribution of zakat and waqf funds for data as of June 2026 is compared with data as of December 2025.
Article 13
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Letter a
Example:
A Bank announces the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, no later than December 31, 2026, if accompanied by a public accountant's report for audit purposes. Letter b Example:
A Bank announces the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, no later than November 30, 2026, if accompanied by a public accountant's report for limited review or review. Letter c Example:
A Bank announces the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, no later than October 31, 2026, if not accompanied by a public accountant's report for audit purposes or for limited review or review. Letter d Example:
For the Quarterly Financial Publication Report and financial performance information for data as of December 31, 2026, it is published on the Bank's website no later than March 31, 2027.
Paragraph (3)
Example:
A Bank submits a notification letter no later than September 29, 2026, if the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, will be audited or subjected to limited review or review by a public accountant. Paragraph (4) Sufficiently clear. Paragraph (5) Sufficiently clear. Paragraph (6) Sufficiently clear.

Paragraph (7)
Sufficiently clear.
Paragraph (8)
Sufficiently clear.
Paragraph (9)
Sufficiently clear.
Article 14
Paragraph (1)
A Bank includes the Bank's website address in the quarterly financial publication report and financial performance information announced in newspapers or other electronic media.
Newspapers refer to newspapers in printed or electronic form.
Other electronic media includes media that provide credible digital information sources related to the financial industry, digital services, and the Bank's official social media, which must at least include a performance summary accompanied by a link to the Bank's website to obtain more complete information. Paragraph (2) Signing is done by clearly stating the signatory's name and position. Paragraph (3) Sufficiently clear. Paragraph (4) Proof of announcement in newspapers includes a quotation of the announcement of the Quarterly Financial Publication Report and financial performance information in the newspaper.
Article 15
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Example:
The summary of the financial position report for a Bank that is part of a business group for data as of June 2027 is presented in comparison with the summary of the financial position report for data as of December 2026. Paragraph (4) Letter a The summary of the consolidated financial statements of the Parent Entity must at least contain the statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, and additionally the statement of commitments and contingencies if any. Consolidated financial statements of the Parent Entity include consolidated financial statements and joint arrangements in accordance with financial accounting standards. What is meant by "joint arrangement" is an arrangement where two (2) or more parties have joint control in accordance with financial accounting standards. Letter b The summary of the consolidated financial statements is presented if there are no consolidated financial statements of the Parent Entity that include the financial statements of all entities in the financial business group. Consolidated financial statements of the Parent Entity include consolidated financial statements and joint arrangements in accordance with financial accounting standards. Paragraph (5) Example:
Bank "A", Bank "B", and Bank "C" are a business group, with Bank "A" being the Parent Entity of the group. Bank "A" submits the report for a Bank that is part of the business group as referred to in Article 15 paragraph (2), while Bank "B" and Bank "C" do not submit the said report. Bank "B" and Bank "C" only need to provide a link to the publication report of the Parent Entity Bank, which is Bank "A".
Article 16
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Letter a
Example:
For the report for a Bank that is part of a business group for data as of June 30, 2026, it is published on the Bank's website no later than August 15, 2026.
Letter b
Example:
For the report for a Bank that is part of a business group for data as of December 31, 2026, it is published on the Bank's website no later than March 31, 2027.
Paragraph (4)
Example:
Bank "A" is a Subsidiary Bank of Bank "B", which is a legal entity in Thailand. The deadline for submission to the Thai banking authority in accordance with Thai banking authority regulations is the end of April of the following year for reports for data as of the end of December. In relation to this, Bank "A", which is part of Bank "B"'s business group, announces Bank "B"'s financial report on Bank "A"'s website no later than the end of May. Paragraph (5) Sufficiently clear. Paragraph (6) Sufficiently clear.

Article 17
Paragraph (1)
Sufficiently clear.
Paragraph (2)
The signature is affixed to the statement of members of the Board of Directors and members of the Board of Commissioners regarding responsibility for the Annual Financial Publication Report and financial performance information on a separate sheet in the Annual Financial Publication Report and financial performance information as per the format established by the Financial Services Authority. Paragraph (3) Letter a What is meant by "general information" includes general information related to Sharia Business Units (UUS), for Banks that have UUS. Letter b What is meant by "financial performance information" includes financial performance information of UUS, for Banks that have UUS. Letter c Sufficiently clear. Letter d What is meant by "interested parties" refers to parties that have a relationship with the Bank and/or influence the management of the Bank, whether directly or indirectly, which will subsequently be established by the Financial Services Authority. Letter e Sufficiently clear. Letter f Sufficiently clear. Letter g Sufficiently clear. Letter h What is meant by "public accountant" see the explanation of Article 4 paragraph (3). Paragraph (4) Other reports include reports that can be combined or separated from the Annual Financial Publication Report and financial performance information in accordance with statutory regulations, including:
a. annual report on the implementation of integrated governance for Banks that are parent companies of financial conglomerates in accordance with Financial Services Authority Regulations regarding the implementation of integrated governance for financial conglomerates; b. open company plan approved in the General Meeting of Shareholders that has not been implemented within 12 (twelve) months from the date of approval of the General Meeting of Shareholders for Banks that are open companies in accordance with Financial Services Authority Regulations regarding the conduct of activities in the capital market sector;
c. complaint handling material in accordance with Financial Services Authority Regulations regarding consumer and public protection in the financial services sector;
d. sustainability report in accordance with Financial Services Authority Regulations regarding the implementation of sustainable finance for financial services institutions, issuers, and public companies; and/or e. social and environmental responsibility implementation report in accordance with statutory regulations regarding the social and environmental responsibility of limited liability companies. Paragraph (5) Sufficiently clear. Paragraph (6) Sufficiently clear. Paragraph (7) Sufficiently clear. Paragraph (8) Sufficiently clear. Paragraph (9) Sufficiently clear.
Article 18
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Example:
For the Annual Financial Publication Report and financial performance information for data as of December 31, 2026, it is published on the Bank's website no later than April 30, 2027.
Paragraph (3)
Example:
For data as of December 31, 2031, a Bank maintains the announcement of the Annual Financial Publication Report and financial performance information on the Bank's website at least since the Annual Financial Publication Report and financial performance information for data as of December 31, 2026. Paragraph (4) Sufficiently clear. Paragraph (5) Sufficiently clear.
Article 19
Sufficiently clear.
Article 20
Paragraph (1)
The imposition of administrative sanctions for the Annual Financial Publication Report and financial performance information in accordance with Financial Services Authority Regulations regarding the submission of reports through the electronic reporting system for issuers or public companies. Paragraph (2) Sufficiently clear.

Paragraph (3)
Example:
In the event that a Bank that is an Issuer or Public Company calls for an Annual General Meeting of Shareholders on April 3, 2026, the Bank submits it through the electronic reporting system for Issuers or Public Companies no later than April 3, 2026.
Article 21
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
A Bank has a written policy approved by the Board of Directors, including regarding the scope of disclosure and internal control in the disclosure process of risk and capital exposure, to ensure the accuracy of all required disclosures. The main elements of this policy are disclosed in the Annual Risk and Capital Exposure Publication Report. The Bank states that the Risk and Capital Exposure Publication Report disclosure has been prepared in accordance with the Bank's internal policy signed by at least 1 (one) member of the Bank's Board of Directors. Letter a What is meant by "clear" is information presented in a form understandable to main stakeholders, including investors, analysts, and financial industry consumers, and communicated through easily accessible media. Important information must be emphasized and easy to find. Complex issues must be explained in easy-to-understand language and key terms defined. Risk-related information explanations must be grouped. Letter b What is meant by "comprehensive" is information describing the Bank's main activities and all significant risks, supported by relevant data and information. Significant changes in risk exposure between reporting periods must be explained, along with management's response. The Risk and Capital Exposure Publication Report must provide sufficient qualitative and quantitative information regarding the Bank's processes and procedures for identifying, measuring, and managing such risks. Disclosure details must be proportional to the Bank's complexity. The approach to risk and capital exposure information must be flexible enough to reflect how Executive Officers and the Board of Directors internally assess and manage risks and strategies, so that users can better understand the Bank's risk tolerance or risk appetite. Letter c What is meant by "useful" is risk and capital exposure information that must contain the Bank's most likely, significant, and current risks and their management, including information of market concern. If necessary, the Bank discloses the relationship of accounts found in the statement of financial position or the statement of profit or loss and other comprehensive income. Risk and capital exposure information that does not add value or benefit to users must be avoided. Irrelevant information must be removed. Letter d What is meant by "consistent" is risk and capital exposure information that must always be consistent so that main stakeholders can identify trends in the Bank's risk profile across all significant business aspects. Additions, deletions, and other significant changes in disclosures from previous reports, including those arising from the Bank's specific development, regulations, or market, must be emphasized and explained. Letter e What is meant by "comparable" is risk and capital exposure information that has a level of detail and presentation format allowing main stakeholders to compare business activities, prudential measurements, risks, and risk
management between Banks and between jurisdictions. Paragraph (6) Sufficiently clear. Paragraph (7) Sufficiently clear.
Article 22
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Example:
Banks included in the banking group based on Core Capital 4, the banking group based on Core Capital 3, the banking group based on Core Capital 2, and foreign banks implement risk management and standard approach risk measurement for interest rate risk in the banking book in accordance with Financial Services Authority Regulations regarding the implementation of risk management and standard approach risk measurement for interest rate risk in the banking book (interest rate risk in the banking book) for commercial banks. Paragraph (3) Example 1:
The key metrics report for data as of March 2027 is compared with data as of December 2026, September 2026, June 2026, and March 2026.
Example 2:
The credit risk report related to the disclosure of net exposure by region for data as of December 2026 is compared with data as of December 2025.
Paragraph (4)
Sufficiently clear.
Paragraph (5)
Sufficiently clear.
Article 23
Sufficiently clear.
Article 24
Paragraph (1)
The announcement of the Quarterly Risk and Capital Exposure Publication Report on the Bank's website is placed in a special link, for example, with the title "Risk and Capital Exposure Publication Report".
Paragraph (2)
Letter a
Sufficiently clear.
Letter b
Data security aspects include, among others, protected file formats.
Paragraph (3)
Letter a
Example:
A Bank announces the Quarterly Risk and Capital Exposure Publication Report for data as of September 30, 2026, no later than December 31, 2026, if the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, is accompanied by a public accountant's report for audit purposes. Letter b Example:
A Bank announces the Quarterly Risk and Capital Exposure Publication Report for data as of September 30, 2026, no later than November 30, 2026, if the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, is accompanied by a public accountant's report for limited review or review. Letter c Example:
A Bank announces the Quarterly Risk and Capital Exposure Publication Report for data as of September 30, 2026, no later than October 31, 2026, if the Quarterly Financial Publication Report and financial performance information for data as of September 30, 2026, is not accompanied by a public accountant's report for audit purposes or for limited review or review.

Paragraph (4)
Example:
For data as of September 30, 2031, a Bank maintains the announcement of the Quarterly Risk and Capital Exposure Publication Report on the Bank's website at least since the Quarterly Risk and Capital Exposure Publication Report for data as of September 30, 2026. Paragraph (5) Example:
For data as of September 30, 2026, if a Bank announces and maintains the announcement of the Quarterly Risk and Capital Exposure Publication Report on the Bank's website for the first time, the Bank fulfills the maintenance of this information for the last 5 (five) years progressively until data as of September 30, 2031.
Article 25
Sufficiently clear.
Article 26
Paragraph (1)
The announcement of the Annual Risk and Capital Exposure Publication Report on the Bank's website is placed in a special link, for example, with the title "Risk and Capital Exposure Publication Report".
Paragraph (2)
Letter a
Sufficiently clear.
Letter b
See the explanation of Article 24 paragraph (2) letter b.
Paragraph (3)
Example:
For the Annual Risk and Capital Exposure Publication Report for data as of December 31, 2026, it is published on the Bank's website no later than March 31, 2027.
Paragraph (4)
Example:
For data as of December 31, 2031, a Bank maintains the announcement of the Annual Risk and Capital Exposure Publication Report on the Bank's website at least since the Annual Risk and Capital Exposure Publication Report for data as of December 31, 2026. Paragraph (5) Example:
For data as of December 31, 2026, if a Bank announces and maintains the announcement of the Annual Risk and Capital Exposure Publication Report on the Bank's website for the first time, the Bank fulfills the maintenance of this information for the last 5 (five) years progressively until data as of December 31, 2031. Paragraph (6) Sufficiently clear.

Article 27
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Examples of material information or facts, including mergers, splits, consolidations, or formation of joint ventures, acquisition or loss of important contracts, new discoveries or new products that add value to the company, changes in members of the Board of Directors and/or Board of Commissioners, replacement of the public accountant currently tasked with auditing the Bank, and other material information or facts. Paragraph (3) Sufficiently clear. Paragraph (4) Sufficiently clear. Paragraph (5) Sufficiently clear.
Article 28
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Example:
For the Material Information or Facts Publication Report for Thursday, January 8, 2026, it is published on the Bank's website on 2 (two) working days thereafter, i.e., no later than Monday, January 12, 2026.
Paragraph (3)
Sufficiently clear.
Paragraph (4)
Sufficiently clear.
Article 29
Sufficiently clear.
Article 30
Paragraph (1)
The Base Credit Rate Publication Report is prepared and announced in accordance with Financial Services Authority Regulations regarding transparency and publication of base credit rate reports for conventional commercial banks. Paragraph (2) Sufficiently clear.
Article 31
Paragraph (1)
Other reports include reports related to other information as needed and in accordance with the development of the banking sector.
Paragraph (2)
Sufficiently clear.
Article 32
Paragraph (1)
The Bank's website is an Indonesian domain website that is not part of the Parent Entity's or the Bank's business group's website.
Information on the Publication Report on the Bank's website is placed on an easily accessible page, for example, by providing a special link for the Publication Report on the Bank's website homepage.
Paragraph (2)
Example:
Bank "ABC" is a Bank resulting from the merger of Bank "A", Bank "B", and Bank "C" that began operations on January 1, 2027. Bank "ABC" maintains the announcement of the Quarterly Financial Publication Report and financial performance information as well as the Quarterly Risk and Capital Exposure Publication Report on Bank "ABC"'s website for the last 5 (five) years progressively until data as of March 31, 2032. Bank "ABC" remains obligated to announce reports in accordance with this Financial Services Authority Regulation after beginning operations, including the Monthly Financial Publication Report and financial performance information for data as of January 31, 2026.
Article 33
Paragraph (1)
Force majeure conditions include natural disasters, non-natural disasters, and/or social disasters that disrupt the Bank's operational activities, as established by the competent official of the local government agency. Paragraph (2) Sufficiently clear.
Article 34
Paragraph (1)
Sufficiently clear.
Paragraph (2)
Sufficiently clear.
Paragraph (3)
For errors in information announced to the public, including errors in information announced that do not match the information submitted to the Financial Services Authority.
Letter a
Written reprimand, including requesting the Bank to republish.
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Letter d
Sufficiently clear.
Letter e
Sufficiently clear.
Letter f
Sufficiently clear.
Paragraph (4)
Sufficiently clear.

Paragraph (5)
Sufficiently clear.
Article 35
Letter a
What is meant by "public accountant" see the explanation of Article 4 paragraph (3).
Letter b
Sufficiently clear.
Letter c
Sufficiently clear.
Article 36
Sufficiently clear.
Article 37
Sufficiently clear.
Article 38
Specific considerations include, among others, taking into account the Bank's condition to meet deadlines, periods, scope, and/or consolidation coverage.
Article 39
Sufficiently clear.
Article 40
Sufficiently clear.
Article 41
Sufficiently clear.
Article 42
Sufficiently clear.
SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 156/OJK

OJK Regulation No. 18 of 2025 on Transparency and Publication of Bank Reports

Lineage: In force

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