OJK Implements Credit Relief Measures for Sumatra Flood Victims

Financial Institutions Directed to Support Affected Debtors

The Financial Services Authority (OJK) has announced that financial institutions have begun mapping debtors affected by the recent Sumatra floods who are eligible for credit relief measures. According to Mahendra Siregar, Chairman of OJK's Board of Commissioners, the mapping is being conducted in accordance with POJK Number 19/2022 regarding special treatment for debtors affected by disasters.

Restructuring Process Underway

As of early January 2026, financial institutions have started identifying and assessing the affected debtors. Mahendra stated that some debtors are already in the process of credit restructuring, with various banks and non-bank financial institutions across three provinces (Aceh, West Sumatra, and North Sumatra) actively implementing the OJK's policy. The restructuring measures include adjusting repayment terms and potentially reducing debtor obligations.

Scope of Affected Debtors and Credit Exposure

Preliminary data indicates that over 105,000 debtors have been identified as potentially affected across the three provinces. The total credit and financing exposure is estimated to be nearly Rp400 trillion, involving various financial products from banks, guarantee companies, financing companies, and multifinance institutions.

Policy Implementation and Future Steps

OJK has mandated that financial institutions implement special treatment policies within less than 10 days of the disaster occurrence. The authority is committed to monitoring the implementation and will provide regular updates to the public. Mahendra also urged the government to issue special regulations regarding credit restructuring for affected businesses, particularly for People's Business Credit (KUR) programs, to maintain consistency in the relief efforts.