Key insights and market outlook
West Java Governor Dedi Mulyadi expressed disappointment over the Financial Services Authority (OJK)'s decision to reject Mardigu Wowiek Prasantyo and Helmy Yahya as independent commissioners of Bank BJB. The OJK's fit and proper test results superseded the Bank's shareholder approval. Dedi Mulyadi plans to inquire with OJK about the specific reasons behind their rejection.
West Java Governor Dedi Mulyadi has expressed his disappointment following the Financial Services Authority (OJK)'s decision to reject the appointments of Mardigu Wowiek Prasantyo as Independent Commissioner and Helmy Yahya as Commissioner at Bank BJB. The rejection came despite their approval in the Extraordinary General Meeting of Shareholders (RUPSLB).
Dedi Mulyadi emphasized that the final decision rests with OJK's fit and proper test results, stating, "It wasn't that their appointments were canceled, but they weren't passed by OJK." He highlighted the importance of OJK's role in the selection process for commissioners.
The Governor revealed that he is personally disappointed with the outcome and plans to inquire with OJK about the specific reasons behind their decision. He stated, "Why didn't they pass? You should ask OJK. Personally and as Governor, I regret that they didn't pass."
Bank BJB had planned to hold an Extraordinary General Meeting of Shareholders (RUPSLB) on December 1, 2025, to discuss the appointments. The meeting was called following OJK's letters numbered SR-294/PB.02/2025, SR-356/PB.02/2025, and S-338/KO.12/2025.
This development highlights the significant regulatory oversight role that OJK plays in Indonesia's banking sector, particularly in the appointment of key positions within banks. The rejection of high-profile candidates like Mardigu and Helmy Yahya underscores the stringent scrutiny applied to ensure the integrity and capability of banking executives.
OJK Rejection of Commissioner Candidates
Bank BJB RUPSLB Meeting