OJK Targeting Rp4.67tn Income from Charging Financial Businesses
9 December 2016 13:20 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) is targeting a revenue of Rp4.67 trillion from charging financial services businesses in 2017.
In a work meeting held on Dec. 8 with the House of Representatives' (DPR) Finance Committee, the OJK plans to charge Rp3.4 trillion from banks, Rp614 billion from non-bank financial institutions, and Rp589 billion from the capital market. The remaining Rp124 billion will be sourced from the management and fee posts.
OJK board of commissioners' deputy Rahmat Waluyanto said the charges are a form of industry players' participation in developing the financial services sector. "So, fundamentally, the charges should not burden the industry," he said on the sidelines of the work meeting, Bisnis Indonesia reported.
Rahmat said the prognosis for OJK's charges to the industry in 2016 was pegged at Rp4.37 trillion. So far, Rp3.81 trillion has been collected.
The regulator is confident that the target will be met by the end of this year.
"We made the prognosis as objective as possible, so that by the end of the year could it could reach Rp4.37 trillion," he said.
BISNIS.COM