Jakarta, Indonesia Sentinel — Bank Indonesia (BI) has officially dismissed three senior officials from their positions after they were appointed as commissioners at several state-owned banks. The decision was made during a special meeting of BI’s Board of Governors on Thursday (March 27, 2025).
Ramdan Denny Prakoso, Head of BI’s Communications Department, stated that the three Assistant Governors were honorably discharged in accordance with existing regulations.
“As per regulations, Bank Indonesia’s Board of Governors decided on March 27, 2025, to honorably dismiss three officials at the Assistant Governor level who were appointed as members of the Board of Commissioners at several state-owned banks,” Ramdan said in a written statement on Thursday (March 27), as reported by Kumparan.
The dismissals take effect from the date of the Annual General Meeting of Shareholders (RUPST) at each respective state-owned bank where the officials have taken on their new roles.
Dismissed Officials and Their New Roles
The dismissed official was Edi Sutanto, previously Assistant Governor, Head of the Monetary Management and Securities Assets Department at BI. Edi was dismissed after being appointed as Independent Commissioner of PT Bank Rakyat Indonesia (Persero) Tbk (BRI) following the RUPST on March 24, 2025.
Donny Hutabarat, formerly Head of BI’s Financial Market Development Department, was dismissed after appointed as Commissioner of PT Bank Negara Indonesia (Persero) Tbk (BNI) based on the RUPST on March 26, 2025.
Lastly, Ida Nuryanti, previously Assistant Governor, Head of BI’s Human Resources Department, was dismissed after being appointed as Independent Commissioner of PT Bank Tabungan Negara (Persero) Tbk (BTN) following the RUPST on March 26, 2025.
“Bank Indonesia believes that these officials will make significant contributions to the banking sector in support of the nation’s economic growth,” Ramdan added.
Controversy
The placement of BI officials on the boards of state-owned banks has drawn scrutiny, as it appears to contradict Bank Indonesia’s own regulations.
According to Bank Indonesia Regulation No. 22 of 2020 on External Assignments, BI officials can only be assigned to partner institutions and affiliated organizations, both domestically and internationally.
The regulation defines partner institutions as those directly or indirectly related to BI’s core responsibilities. These include:
- The Financial Services Authority (OJK)
- The Indonesian Banknote Printing and Minting Corporation (PERURI)
- The Deposit Insurance Corporation (LPS)
- The Financial Transaction Reports and Analysis Center (PPATK)
- Bank Indonesia’s Supervisory Board (BSBI)
BI officials may also be assigned to international organizations, such as The International Monetary Fund (IMF), The World Bank, and The Asian Development Bank (ADB).
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Additionally, affiliated institutions are defined as entities directly or indirectly involved in strengthening BI’s internal management, such as BI’s Employee Welfare Foundation (YKKBI), BI’s Pension Fund, and The Indonesian Banking Development Foundation (YPPI).
Notably, state-owned banks are not listed as eligible institutions under this regulation. However, Ramdan declined to comment extensively on the appointment of the three senior BI officials.
He emphasized that the central bank would comply with all applicable regulations, including the requirement for officials appointed outside partner institutions to step down from their BI positions.
(Raidi/Agung)
