Bank Jatim Gains Control of Bank Sultra Following OJK Approval

Expansion of Business Group

PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) has officially become the controlling shareholder of PT Bank Pembangunan Daerah Sulawesi Tenggara (Bank Sultra) after receiving approval from the Financial Services Authority (OJK). The OJK issued a letter (SR-432/KO.1802/2025 dated December 13, 2025) approving the change in shareholding composition on December 17, 2025.

Capital Injection Details

The approval follows Bank Jatim's capital injection of Rp 100 billion into Bank Sultra, structured as Rp 25 billion in cash and Rp 75 billion in share premium. This significant investment demonstrates Bank Jatim's commitment to expanding its business group and strengthening its presence in the regional banking sector.

Implications for Regional Banking

This acquisition expands the number of banks under Bank Jatim's Business Group, enhancing its market position in the regional banking landscape. The consolidation is expected to create synergies between the two regional banks, potentially improving operational efficiency and service quality for customers in their respective regions.

Regulatory Compliance

The OJK's approval underscores the regulator's oversight in ensuring that banking transactions comply with prevailing regulations. The transaction was processed through the submission of information disclosure documents, demonstrating adherence to regulatory requirements.