Covid19Legal UpdatesPublicationsSummary of “POJK 11/20” Regulation In Relation To The Impact of COVID19 Outbreak

The ongoing outbreak of the Coronavirus Disease 2019 (“COVID-19”) has disrupted the stability of the financial system and economic growth, which particularly include the performance and capacity of the credit. As a response to this situation, the Financial Service Authority (Otoritas Jasa KeuanganOJK”) has issued POJK 11/20, as an effort to stimulate the affected debtors, including micro-small-and medium scale enterprises (Usaha Mikro, Kecil dan Menengah UMKM”). The policy sets out under POJK 11/20 shall be applied to conventional banks, sharia banks, and rural banks (“Banks”).

The stimulus policy is mainly focused on allowing banks to implement (i) asset quality determination policy and (ii) credit or financing restructuring policy, as a credit relaxation for affected debtors. In addition to such stimulus policy, POJK 11/20 also regulates providing of new credit by bank to its debtors.

The stimulus policy is not mandatory, and it will be based on each of bank’s self-assessment. There have been more than 50 conventional banks that have declared their statement to support the implementation of POJK 11/20. The banks that are implementing this policy must initially have their own guidance before implementing the credit relaxation policy. Implementing guidance of the credit relaxation policy must contain at least: (1) debtor criteria to be determined as the affected party of COVID 19; and (2) sectors affected by COVID 19.

The complete article can be downloaded here ←


ADCO Law earns the trust to represent clients from multinational companies to emerging entities across a wide range of industries to achieve their business objectives in Indonesia.

By combining commercial sensibilities and legal expertise, ADCO Law assists the clients to structure, organize and implement their business ventures and investments, including structuring, financing and securing investments as well as establishing new foreign companies in Indonesia. Should you have more queries regarding this matter, please do not hesitate to contact us.

Dendi Adisuryo
dendi.adisuryo@adcolaw.com

Endah Sulastri
endah.sulastri@adcolaw.com

@2020 ADCO Law. All rights reserved.
This publication has been prepared for general informational purposes only to provide clients with information on recent legal developments and is not intended as legal advice or opinion.

Leave a Reply

Your email address will not be published. Required fields are marked *

https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/04/logo-adco-adisuryo-dwinanto-white-small-2.png?fit=191%2C100
ADCO Law

Setiabudi Building 2,
2nd Floor Suite 205C
Jl. HR. Rasuna Said kav. 62,
Jakarta 12920 Indonesia

+6221-52903034

inquiry@adcolaw.com

https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-iflr-sm-copy.png?fit=75%2C85
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-co-midsized-hukumonlinedotcom-small.png?fit=75%2C75
https://i0.wp.com/adcolaw.com/wp-content/uploads/2020/03/75pixels.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-alb-ma-19-small-.png?fit=75%2C75
https://i0.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-co-alb-19-small.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-alb-iftw-small.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-hg.png?fit=75%2C75
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-alb.png?fit=75%2C75
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-asialaw.png?fit=68%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-iflr-sm-copy.png?fit=75%2C85
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-co-midsized-hukumonlinedotcom-small.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-alb-ma-19-small-.png?fit=75%2C75
https://i0.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-co-alb-19-small.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/10/awards-adco-adisuryo-dwinanto-alb-iftw-small.png?fit=75%2C75
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-hg.png?fit=75%2C75
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-alb.png?fit=75%2C75
https://i1.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-adisuryo-dwinanto-co-asialaw.png?fit=68%2C75
ADCO Law

Setiabudi Building 2, 2nd Floor Suite 205C
Jl. HR. Rasuna Said kav. 62, Jakarta 12920 Indonesia

+6221-52903034

https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-s.png?resize=150%2C41
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-.png?resize=156%2C45
https://i0.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-small.png?resize=151%2C76
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-mid-law-firm-19.png?resize=251%2C45
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-s.png?resize=150%2C41
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-.png?resize=156%2C45
https://i0.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-small.png?resize=151%2C76
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-mid-law-firm-19.png?resize=251%2C45
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-s.png?resize=150%2C41
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/awards-adco-alb-19-asian-legal-business-.png?resize=156%2C45
https://i0.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-small.png?resize=151%2C76
https://i2.wp.com/adcolaw.com/wp-content/uploads/2019/08/logo-adco-hukumonline-mid-law-firm-19.png?resize=251%2C45