KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) recorded that eight out of 144 multifinance companies still failed to meet the minimum equity requirement of IDR 100 billion by the end of May 2026.

Agusman, Chief Executive for Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML) at the OJK, stated that his office continues to take the necessary steps to encourage the eight multifinance companies to meet their minimum equity requirements.

"All multifinance companies have submitted action plans to the OJK outlining steps to meet the minimum equity requirement," Agusman stated at the OJK RDK press conference on Tuesday (July 7, 2026).

Agusman explained that the steps to meet the minimum equity requirement include increasing paid-in capital by existing shareholders, seeking strategic investors, or pursuing mergers.

The number remains the same compared to the previous month, which also stood at eight out of 144 multifinance companies.

In terms of industry performance, the Financial Services Authority (OJK) recorded that multifinance companies' financing receivables reached IDR 513.19 trillion as of May 2026. This growth was 1.71% year-on-year (YoY).

Meanwhile, the gross non-performing financing (NPF) rate for multifinance companies as of May 2026 was 3.06%. This figure represents a significant decline compared to the previous month's 2.89%.