TEMPO.CO, Jakarta – Indonesia’s Financial Services Authority (OJK) has revoked the business permits of three banks in Indonesia, consisting of rural credit banks (BPR) and sharia rural credit banks (BPRS), as of August 2025.
The banks were declared bankrupt after failing to implement recovery measures recommended by OJK.
Most of the bankrupt institutions were BPRs, with the only exception being PT Bank IFI. Below are details of the three banks whose licenses were revoked this year.
BPRS Gebu Prima
According to the OJK’s official website, the regulator revoked the license of PT Bank Perekonomian Rakyat Syariah Gebu Prima (BPRS Gebu Prima) in Medan, North Sumatra, through Decision Number KEP-23/D.03/2025 dated April 17, 2025.
The bank…