Jakarta - President Director of PT Nusantara Bona Pasogit Holding or BPR NBP Hendi Apriliyanto said that the obligation to form a Reserve for Impairment Losses for People's Economic Banks should be enforced within the next five years.
As is known, through POJK Number 1 of 2024 concerning the Asset Quality of People's Economic Banks which came into effect on January 1, 2025, BPRs are obliged to implement CKPN according to the latest financial standards.
"The implementation of Private Entity Financial Accounting Standards (SAK EP) which requires BPR to form CKPN to be implemented within the next 5 years, after BPR's performance recovers from the impact of the COVID-19 pandemic," said Hendi in a Public Hearing (RDPU) with the House of Representatives of the Republic of Indonesia (DPR-RI) in Jakarta, Wednesday.