REPUBLIKA.CO.ID, JAKARTA -- The Financial Services Authority (OJK) is still working on new banking acquisition regulation. OJK Chief Executive of Banking Supervisory, Nelson Tampubolon explained that the delay was due to incomplete documentation submitted by companies.
"OJK still implements previous BI regulation on banking acquisition. We cannot directly change it," Tampubolon said as reported by Satya Festiani recently.
Before the task of supervision and regulation of banks are transferred to OJK, BI is still processing a number of banking acquisition licenses. For example, PT Bank Tabungan Pensiunan Nasional (BTPN) proposed to take over 70 percent shares of PT Bank Sahabat Purba Danarta. Bank Woori Indonesia plans to take over 33 percent shares of PT Bank Himpunan Saudara 1906.
BI has also rejected the acquisition plan of Shinhan Bank over PT Bank Metro Express. The South Korean bank wanted to buy 40 percent shares owned by PT Metro Panca Gemilang in December 2012.
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