Jakarta. Indonesia’s financial services authority has revoked the business licenses of five microcredit banks, both conventional (BPR) and sharia (BPRS), this year after the banks failed to maintain adequate liquidity and meet minimum capital requirements as set by regulation.

The most recent case involved Bank Perekonomian Rakyat Artha Kramat, whose license was revoked on Oct. 14. The move followed a self-liquidation request from shareholders, who decided to focus on developing another bank under the same ownership group, BPR Bumi Sediaguna.

“The license revocation of BPR Artha Kramat was made upon the shareholders’ request to focus on developing BPR Bumi Sediaguna,” OJK said in a statement on Tuesday.

Earlier on Sept. 9, OJK also revoked the license of BPRS Gayo Perseroda in Central Aceh, after the sharia microcredit bank failed to improve its capital adequacy and liquidity despite being placed under a rehabilitation program.

“This revocation is part of OJK’s supervisory efforts to maintain public confidence in the sharia banking industry,” the regulator said.

Other Banks Closed in 2025:

Three other microcredit banks have also lost their licenses this year for similar violations:

• BPRS Gebu Prima – Medan, North Sumatra (April 17)
• BPR Dwicahaya Nusaperkasa – Batu, East Java (July 24)
• BPR Disky Surya Jaya – Deli Serdang, North Sumatra (August 19)

All were found unable to restore their capital positions or meet minimum liquidity ratios despite repeated regulatory warnings.

OJK stressed that the actions are part of an ongoing cleanup and consolidation to strengthen the microcredit banking system and ensure financial stability.

OJK assured the public that all customer deposits in the affected banks remain guaranteed by the  Deposit Insurance Agency (LPS). “The closure of unfit banks is intended to maintain industry stability and protect depositors,” OJK said. The regulator added that the increase in license revocations this year should serve as a warning for other microcredit banks to strengthen their capital base and improve corporate governance.

OJK reaffirmed its commitment to ensuring a healthy, transparent, and trustworthy banking industry amid ongoing restructuring in the financial sector.

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