OJK to Eliminate KBMI 1 Category, Affects 'Mini Banks' Owned by Indonesian Conglomerates

Background and Rationale

The Financial Services Authority (OJK) is planning to eliminate the KBMI 1 category, which currently includes banks with core capital up to Rp6 trillion. This move is part of a broader effort to drive consolidation in Indonesia's banking sector. According to Dian Ediana Rae, Head of Banking Supervision at OJK, the elimination of KBMI 1 is intended to encourage banks to either merge or increase their capital.

Affected Banks and Their Conglomerate Owners

Several prominent Indonesian conglomerates own banks that currently fall under the KBMI 1 category. These include:

1. PT Bank Mega Syariah: Owned by Chairul Tanjung's CT Corp, with core capital of Rp2.67 trillion as of Q3 2025.
2. PT Super Bank Indonesia (Superbank): Associated with Eddy Kusnadi Sariaatmadja, one of the founders of Emtek, with core capital of Rp4.88 trillion.
3. PT Bank Nationalnobu Tbk. (NOBU): Linked to Mochtar Riady and his son James Riady, with core capital of Rp3.82 trillion.
4. PT Bank Artha Graha Internasional Tbk: Part of the Artha Graha Network owned by Tomy Winata, with core capital of Rp3.61 trillion.
5. PT Bank Ina Perdana Tbk. (BINA): Controlled by Anthoni Salim through PT Indolife Pensiontama, with core capital of Rp3.32 trillion.
6. PT Bank MNC Internasional Tbk (MNC Bank): Owned by Hary Tanoesoedibjo's MNC Group, with core capital of Rp3.27 trillion.
7. PT Bank Sahabat Sampoerna (Bank Sampoerna): Part of Sampoerna Strategic Group owned by the Putera Sampoerna family, with core capital of Rp3.13 trillion.
8. PT Bank Multiarta Sentosa: Owned by Wings Group founders Johanes Ferdinand Katuari and Harjo Sutanto, with core capital of Rp3.96 trillion.

Implications of the OJK's Plan

The elimination of the KBMI 1 category is expected to have significant implications for these banks and their conglomerate owners. Banks currently classified under KBMI 1 will need to either increase their core capital to move to a higher KBMI category or consider consolidation options such as mergers or acquisitions. This move is seen as a step towards strengthening the banking sector by creating more robust and resilient financial institutions.