OJK approves merger of two North Sumatra Islamic rural banks
The combined bank projects assets above Rp28 billion, but the merger still requires the law minister’s approval of changes to its articles of association.
Indonesia’s Financial Services Authority (OJK) has authorised PT BPR Syariah Sindanglaya Kotanopan to merge into PT BPR Syariah Amanah Insan Cita in North Sumatra. The regulator issued its approval on 4 November 2026.
The merger will take effect only after Indonesia’s law minister approves amendments to the surviving bank’s articles of association. Amanah Insan Cita projects that the combined operation will have assets exceeding Rp28 billion, core capital above Rp6 billion and a minimum capital adequacy ratio, known as KPMM, of more than 40 per cent.
Triyoga Laksito, head of OJK’s North Sumatra office, said in a statement dated 11 November 2026 that the banks had initiated the merger to strengthen capital and expand their operating area. He said it would help meet minimum core capital requirements while improving business capacity, operating efficiency and competitiveness.
The combined bank is also targeting wider service coverage extending to Mandailing Natal regency. The expansion is expected to improve financing access for residents and micro, small and medium-sized businesses in North Sumatra.
OJK stressed the need for strong governance, risk management and compliance. The regulator said the voluntary consolidation aligns with its 2024–2027 roadmap for strengthening the rural banking industry.
