BPR Bank Cirebon Business License Revoked by OJK, Cirebon City Government Ensures Customer Rights Are Safe in LPS Guarantee

CIREBON, Konntroversinews | Responding to the decision of the Financial Services Authority (OJK) regarding the revocation of Perumda BPR Bank Cirebon’s business license and its designation as a Bank in Liquidation by the Deposit Insurance Corporation (LPS), the Cirebon City Government as Capital Owner’s Authority (KPM) delivered an official statement.

As is known, Perumda BPR Bank Ekonomi Rakyat Bank Cirebon has been designated as a Bank in Restructuring (BDP) by the OJK since August 2 2024. The status determination was due to the supervision of problems in the governance and integrity of bank management, including the occurrence of actions that were not in line with the principles of prudence, good governance, implementation of adequate risk management, and compliance in implementing applicable regulations which had a significant impact on the bank’s financial condition and business continuity.

In the context of efforts to restore BPR, the Cirebon City Government as the Controlling Shareholder of BPR has carried out restructuring efforts. Then, on August 1 2025, the supervisory status was upgraded to BPR in Resolution (BDR). After determining BDR status, the Cirebon City Government continues to strive to save BPR by coordinating with LPS and facilitating and supporting the implementation of the duties of the Temporary Management Team.

The Cirebon City Government is proactive in asking LPS to consider a rescue scheme for Perumda BPR Bank Cirebon through a temporary capital placement scheme by LPS and Cirebon City Government Capital Inclusion. However, after making these efforts, based on the Decree of the Members of the Board of Commissioners for the Deposit Guarantee Program and Bank Resolution of the Deposit Insurance Corporation Number SR.3/ADK3/2026 dated 3 February 2026 regarding How to Handle Banks in the Resolution of Perumda BPR Bank Cirebon, LPS decided not to rescue Perumda BPR Bank Cirebon.

Due to this, LPS asked the OJK to revoke the business license of Perumda BPR Bank Cirebon. Following up on LPS’s request and taking into account the provisions of Article 19 POJK Number 28 of 2023, on February 9 2026, OJK revoked the business license of Perumda BPR Bank Cirebon.

The Mayor of Cirebon, Effendi Edo, said that the Cirebon City Government is fully committed to following the entire process of guidance, supervision and health efforts in accordance with the provisions of applicable laws and regulations.

The Mayor emphasized that the Cirebon City Government will continue to oversee the liquidation process until completion to ensure that customer rights are fulfilled and socio-economic stability in Cirebon City remains conducive.

“The current focus of the Cirebon City Government is to ensure that the rights of the community, customers, are protected through the LPS mechanism. So, the public does not need to worry,” stressed the Mayor.

Regarding these conditions, the Cirebon City Government is taking strategic steps. First, the Cirebon City Government fully respects the OJK’s decision and is cooperative with LPS in carrying out the liquidation process and settling customer deposit guarantees.

Second, the Cirebon City Government continues to maintain intensive communication with the OJK and LPS to ensure that each stage of liquidation is transparent, accountable and prioritizes customer protection.

Third, the Cirebon City Government asks all customers to remain calm and not be provoked by issues whose source is unclear. Make sure to only refer to official information issued by the OJK and LPS.

Fourth, the Cirebon City Government is taking facilitative and coordinative steps so that the liquidation process runs in an orderly manner and does not cause turmoil in the community.

Fifth, the Cirebon City Government emphasized that customer savings funds will be handled entirely by LPS. Deposits are guaranteed to be safe as long as they meet the guarantee provisions in accordance with applicable law.

The Mayor said that this event was a momentum for reflection for the Cirebon City Government to carry out a comprehensive evaluation of BUMD governance.
Not only that, the Cirebon City Government is also committed to maintaining stable regional economic conditions and maintaining public trust in the financial services industry.

“We will tighten aspects of supervision, risk management and compliance with BUMD governance so that similar incidents do not happen again in the future,” he hoped. ***