OJK Approves Merger of Four West Java BPR Banks

February 26, 2026 | 06:56 pm

TEMPO.CO, Jakarta - The Financial Services Authority (OJK) has announced the merger of four People's Economy Banks (BPR) in West Java. The four banks, all based in the Priangan Timur region, have consolidated into a single entity, PT BPR Nusamba Tanjungsari.

This merger is stipulated in OJK Commissioner Decree Number KEP-15/D.03/2026, dated February 20, 2026. The institutions joining PT BPR Nusamba Tanjungsari include PT BPR Nusamba Sukaraja, PT BPR Nusamba Plered, PT BPR Nusamba Singaparna, and PT BPR Mitra Harmoni Indramayu.

"This merger is expected to create a stronger, healthier BPR entity capable of delivering more innovative products and services to enhance public trust," stated Nofa Hermawati, Head of OJK Tasikmalaya, in an official statement on Thursday, February 26, 2026.

The formal handover of the Merger Decree to the management of PT BPR Nusamba Tanjungsari took place at the OJK Tasikmalaya office. Nofa emphasized that the entire consolidation process followed stages in accordance with prevailing regulations. This comprehensive process included assessments of capital adequacy, governance, risk management, and consumer protection.

Through this consolidation, all rights and obligations of the merging banks are transferred to PT BPR Nusamba Tanjungsari as the surviving entity. Consequently, all customer transactions and services have also transitioned to this single company.

According to the OJK, this merger is part of an ongoing effort toward banking industry consolidation. Its primary goal is to strengthen the capital, competitiveness, and resilience of BPRs to better support financing for the real sector, particularly Micro, Small, and Medium Enterprises (MSMEs).

The OJK noted that the performance of BPRs and Sharia BPRs in the Priangan Timur region showed a positive trend throughout 2025. Assets for banks in this region grew by 3.81 percent year-on-year (yoy) to Rp3.56 trillion last year. Meanwhile, Third Party Funds (DPK) increased by 2.71 percent to Rp2.51 trillion, while loan disbursements grew by 5.62 percent to reach Rp2.81 trillion.

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