OJK Approves Merger of Four Rural Banks into BPR Arthaguna Mandiri

Indonesia's Financial Services Authority (OJK) has approved the merger of four rural banks — BPR Sejahteraartha Sembada, BPR Mitra Rakyat Riau and BPR Mitradana Madani merging into PT BPR Arthaguna Mandiri. The consolidation, approved through decree KEP-50/D.03/2026 dated 2 July 2026, took legal effect on 10 August 2026 and was republished by OJK's West Java office on 7 November 2026.

OJK West Java head Darwisman described the consolidation as a strategic step toward building stronger, healthier and more sustainable institutions rather than a pursuit of scale for its own sake. The regulator expects the merged entity to expand its contribution to small-business financing and improve governance and risk management, and said it will continue supervising the integration, including technology systems and customer protection. OJK asked management to ensure the merger delivers real operational, human-resource, technology and governance synergies rather than remaining an administrative combination.