OJK Extends Relaxation Period for Credit Restructuring to March 2022
OJK decided to extend the relaxation period for bank credit restructuring for a year, from March 2021 to March 2022. OJK is also preparing to extend several measures, including adjustments to fulfillment of capital conservation buffers and postponement of Basel III implementation. Additionally, OJK highlighted that the stability of the financial services sector has been maintained until October 2020, even amid the COVID-19 pandemic. The capital of financial services institutions has been relatively well-maintained at an adequate level, with the banking capital adequacy ratio recorded at 23.74%. OJK will continue to optimize the various policies that have been issued to promote national economic recovery by strengthening the role of the financial services sector.
Related Links (in Indonesian)
- Press Release on Credit Restructuring, November 2020
- Press Release on Credit Restructuring, October 2020
- Press Release on Financial Sector Stability
Keywords: Asia Pacific, Indonesia, Banking, Credit Restructuring, Basel, COVID-19, Regulatory Capital, Credit Risk, OJK
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