Indonesian Banks Urge No Speculation After Central Bank Governor's Resignation

The Indonesian Banking Association (PERBANAS) has called for calm and discouraged speculation following the unexpected resignation of Perry Warjiyo from his position as Governor of Bank Indonesia. The banking association stressed the importance of maintaining trust in the financial system, urging all stakeholders to allow institutional processes to unfold according to regulations.

Hery Gunardi, Chairman of PERBANAS, stated that trust is the core asset of the financial system. He emphasized the need for stakeholders to provide space for institutional processes without generating speculation that could negatively impact perceptions of financial stability. Gunardi expressed confidence in Indonesia's strong economic fundamentals and Bank Indonesia's robust legal framework, governance, and institutional mechanisms, ensuring the central bank's mandates will be executed effectively.

“

Trust is the primary asset of the financial system. Therefore, it is important for all stakeholders to provide space for institutional processes that proceed according to regulations, while continuing to maintain optimism about Indonesia's strong economic fundamentals.

PERBANAS also assured that the national banking industry remains solid, with strong capital, adequate liquidity, and prudent risk management. Banking operations and services to the public will continue normally. The association believes that coordination among authorities will remain effective, safeguarding monetary stability, the payment system, and the national financial system. Regarding the succession of the BI Governor, PERBANAS defers to the constitutional process, trusting that the government and relevant authorities will appoint a credible figure committed to maintaining national economic stability.

“

National banking continues to have confidence in the strength of the Bank Indonesia institution and its governance mechanisms. We believe coordination among authorities will continue to run well, so that national monetary stability, payment systems, and financial systems remain maintained.