Indonesia's OJK Revokes License of BPRS Hasanah Mandiri Over Capital Issues

The Financial Services Authority (OJK) has revoked the business license of PT BPRS Hasanah Mandiri in Depok, West Java. The decision, effective July 16, 2026, stems from the bank's inability to recover and its persistent capital shortfalls. The OJK cited a minimum capital adequacy ratio of negative 47.98 percent and a cash ratio of only 0.61 percent as critical issues.

The OJK had placed BPRS Hasanah Mandiri under recovery supervision on July 3, 2026, and later under resolution on July 2, 2026. Despite being given sufficient time, the bank's management and shareholders failed to implement necessary recovery measures. This failure led to the OJK's final decision to revoke the license.

The Indonesian Deposit Insurance Corporation (LPS) has announced it will proceed with the liquidation process and the payment of deposit insurance claims. LPS will reconcile and verify deposit data to determine eligible payouts, a process expected to conclude by November 20, 2026. Customers are advised to follow the established procedures and ensure their deposits meet the '3T' criteria: recorded in the bank's books, within LPS interest rate limits, and not involved in criminal acts against the bank.