Himbara Banks Undergo Management Restructuring

Introduction

In recent weeks, several state-owned banks in Indonesia, collectively known as Himbara, have been undergoing management restructuring. This move aims to improve the banks' performance and align with the new regulations under the Undang-Undang Nomor 16 Tahun 2025 tentang Badan Usaha Milik Negara (UU BUMN).

RUPSLB and Management Changes

PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) have already held their Extraordinary General Meetings of Shareholders (RUPSLB), resulting in changes to their boards of directors and commissioners. ¹

The RUPSLB of BBRI, held on December 17, 2025, saw the appointment of Viviana Dyah Ayu Retno Kumalasari as the new Deputy Director, replacing Agus Noorsanto. ²

Source 2

https://finansial.bisnis.com/read/20251218/90/1938031/bank-mandiri-bmri-gelar-rupslb-besok-1912-siap-siap-rombak-pengurus

Meanwhile, BBNI's RUPSLB on December 15, 2025, resulted in the appointment of Febrio Nathan Kacaribu as a Commissioner, replacing Suminto. ³

Source 3

https://finansial.bisnis.com/read/20251218/90/1937826/cek-susunan-direksi-dan-komisaris-terbaru-bri-bbri-usai-rupslb-desember-2025

Upcoming RUPSLB

PT Bank Mandiri (Persero) Tbk. (BMRI) is scheduled to hold its RUPSLB on December 19, 2025, while PT Bank Tabungan Negara (Persero) Tbk. (BBTN) has rescheduled its RUPSLB to January 7, 2026. ⁴

The upcoming RUPSLB of BMRI will discuss three main agendas, including the change in the company's articles of association, delegation of authority for the approval of the 2026 Work Plan and Budget, and changes to the board of directors and commissioners.

Impact and Implications

The management restructuring of Himbara banks is expected to have a positive impact on their performance and governance. The changes aim to improve the banks' efficiency, transparency, and accountability, ultimately benefiting their customers and stakeholders.