Investor Presentaiton
Stimuli to Support Indonesia's Financial Industry
OJK and other government institutions have worked intensively to minimize the impact of COVID-19 on the economy
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BHINNIKA
1
Maintaining business fundamental of the real sector
KANN
Bank
NBFI
OJK Regulation No. 11/POJK.03/2020:
"National Economic Stimulus as A Countercyclical
Policy of The Impacts of COVID-19 Outbreak"
•
Relaxation of credit assessment and credit restructuring to debtors
who are affected by COVID-19.
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Credit assessment (up to IDR10 billion) is based only on the
punctuality of debtors to pay their debts and interests.
This applies to Commercial and Sharia Banks
With maximum 1 year period of credit restructuring
*) OJK Regulation No.18/POJK.03/2020:
"Written Orders to Handle Bank Problems"
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Stabilizing financial sector particularly in banking sector amid
COVID-19 outbreak by allowing merger, consolidation, acquisition,
and/or integration to banks permitted by OJK.
*) OJK Regulation No. 14/POJK.05/2020:
"Countercyclical Policy as an Impact of COVID-19
for Non-Bank Financial Institution (NBFI)"
Extended deadline of report submission
Relaxation of financing assessment
Financing Restructuring
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Regulating loan restructuring, deadline of periodic reports,
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Conducting fit and proper tests,
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Determination of asset quality of financing,
Calculation of solvency level of insurance companies,
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Calculation of pension fund quality, and
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Implementation of asset management provisions.
Maintaining financial market stability
OJK Circular Letter No. 3/SEOJK.04/2020:
"Other Conditions as Significantly Fluctuating Market Condition
on Stock Buyback issued by Issuers or Public Companies"
Prohibition of short-selling
Asymmetric Auto Rejection (current auto rejection limits under 7%)
30-minute Trading Halt for 5% decrease in IHSG
Negation of trade in the pre-opening session
Stock buyback without prior general shareholders meeting
*) OJK Regulation No.15/POJK.04/2020:
"Plan and Organization of the General Meeting of Shareholders of
Public Companies"
Aimed to enhance the participation of shareholders in General Shareholders
Meeting (RUPS) by allowing electronic authorization to third parties.
*) OJK Regulation No.16/POJK.04/2020:
"The Implementation of Electronic General Shareholders Meeting (GSM)"
Regulating the implementation of electronic corporate decision making by
requiring a member of the board of director/commissioner in charge of
GSM, while other electronic attendances are counted as fulfillment of
attendance quorum.
*) OJK Regulation No.17/POJK.04/2020:
“Material Transaction and Changes in Business Activities'
Improving the definition and procedure of Material Transaction, as well as
the effectiveness of regulation to enhance the protection of public
shareholders and the quality of information disclosure in Material
Transaction and Business Activities Changes.
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Source: Financial Service Authority (OJK)
*) OJK Regulations in Response to Government Regulation in Lieu of Law No. 1 Year 2020 to maintain financial stability and economic activities.
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