JAKARTA – The Financial Services Authority (OJK) has assured that the establishment of the Danantara Indonesia Investment Authority (BPI Danantara) will not compromise the security of customer deposits.

Dian Ediana Rae, Chief Executive of Banking Supervision at OJK, stated that state-owned banks will continue to operate in compliance with regulations, adhering to prudential principles and good corporate governance.

“The formation of Danantara does not diminish the operational quality or banking services, nor the safety of public deposits in the banks,” she said in a press release on Tuesday (25/2).

She also urged banks to continue improving their performance and professionalism, including services to customers, in order to increase their contribution to national development.

According to her, OJK has coordinated with the relevant ministries, agencies, and the banking industry on the technical implications of forming BPI Danantara, including further regulations on the management of state-owned banks by BPI Danantara, which will be detailed in future regulations.

The three state-owned banks under BPI Danantara have shown strong performance, as reflected in the growth of Third-Party Funds (TPF), net profits, and loans as of December 2024. These state-owned banks PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), and PT Bank Negara Indonesia (Persero) Tbk (BBNI). (LK/ZH)