OJK Launches Comprehensive Credit Restructuring Program for Sumatra Flood Victims

Extensive Relief Measures for Affected Debtors

The Financial Services Authority (OJK) has implemented a comprehensive credit restructuring program for victims of the recent floods in Sumatra, covering over 105,000 debtors across Aceh, West Sumatra, and North Sumatra ¹

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Source 2

https://finance.detik.com/moneter/d-8289087/total-kredit-terdampak-bencana-sumatera-nyaris-rp-400-triliun-ojk-turun-tangan

. This initiative, effective since December 10, 2025, is designed to provide relief to businesses and individuals affected by the disaster.

Scope and Scale of the Restructuring Program

The restructuring program spans three years, allowing affected parties sufficient time to recover from the economic impact of the floods ¹

. The potential credit exposure affected by this initiative is nearly Rp400 trillion, encompassing various financial products offered by banking institutions, guarantee companies, financing companies, and multifinance institutions ¹

Source 1

https://finansial.bisnis.com/read/20260102/90/1941137/ojk-relaksasi-kredit-korban-banjir-sumatra-potensi-terdampak-hampir-rp400-triliun

. The program covers all business segments, including micro, small, and medium enterprises (MSMEs), large businesses, and corporate entities ³

Source 3

https://keuangan.kontan.co.id/news/ojk-restrukturisasi-kredit-terdampak-bencana-di-aceh-dan-sumatera-hingga-3-tahun

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Key Features of the Restructuring Policy

1. Simplified Asset Quality Assessment: For credit ceilings up to Rp10 billion, asset quality assessment will be based solely on payment punctuality ¹
   Source 1

   https://finansial.bisnis.com/read/20260102/90/1941137/ojk-relaksasi-kredit-korban-banjir-sumatra-potensi-terdampak-hampir-rp400-triliun
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2. Restructured Credits Remain Classified as Performing: Both pre- and post-disaster restructuring will be considered as performing loans ²
   Source 2

   https://finance.detik.com/moneter/d-8289087/total-kredit-terdampak-bencana-sumatera-nyaris-rp-400-triliun-ojk-turun-tangan
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3. New Credit Extensions: New financing will be provided without applying the one obligor rule, with separate credit quality assessment ²
   Source 2

   https://finance.detik.com/moneter/d-8289087/total-kredit-terdampak-bencana-sumatera-nyaris-rp-400-triliun-ojk-turun-tangan
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Regulatory Framework

The OJK's policy is based on Regulation No. 19/2022, which allows for special treatment for financial institutions in disaster-affected areas ¹

. This regulation enables banks and other financial institutions to provide relief to affected debtors while maintaining risk management practices.

Implementation and Monitoring

The three-year timeline is considered realistic for complete activation of the restructuring arrangements ¹

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Source 2

https://finance.detik.com/moneter/d-8289087/total-kredit-terdampak-bencana-sumatera-nyaris-rp-400-triliun-ojk-turun-tangan

. OJK Chairman Mahendra Siregar emphasized that this measure aims to alleviate debtor burdens while supporting economic recovery in the affected regions.