Flooring Guide by Cinvex
MEDAN – North Sumatra Governor Muhammad Bobby Afif Nasution has announced a significant decision: the Provincial Government of North Sumatra (Pemprov Sumut) and shareholders representing 33 regencies and cities have reached a consensus to inject additional capital into PT Bank Sumut (Perseroda) in 2026.
This crucial capital infusion will be sourced directly from a portion of the 2025 dividends earmarked for distribution among the bank’s shareholders.
Following the Bank Sumut General Meeting of Shareholders (GMS) on Monday, April 6, 2026, Governor Bobby stated, “Of the total dividends distributed, a substantial 15% will be returned or re-deposited as fresh capital.” This strategic move underscores the commitment of the stakeholders.
Bobby emphasized that this capital increment in 2026 serves as a powerful testament to shareholder support for Bank Sumut’s ongoing transformation. He specifically highlighted a forthcoming regulation from the Financial Services Authority (OJK) which will abolish the Bank Group Based on Core Capital (KBMI) I category by 2029, necessitating significant strategic adjustments for regional banks like Bank Sumut.
In a related development, the House of Representatives Commission II recently visited Bank Sumut, where they raised concerns regarding credit disbursement.
This regulatory shift means that commercial banks must achieve a minimum core capital of IDR 6 trillion to qualify as KBMI II. Failure to meet this threshold would necessitate a transformation into a rural credit bank (BPR). Currently, Bank Sumut’s core capital stands at IDR 5.8 trillion, positioning it just shy of the upcoming KBMI II requirement.
Bobby further elaborated on the financial goal, stating, “This implies that we must secure an additional capital of approximately IDR 800 billion before the 2029 deadline.”
Demonstrating its leadership as the controlling shareholder (PSP), the North Sumatra Provincial Government, according to Bobby, has already allocated an additional IDR 100 billion towards Bank Sumut’s capital reinforcement.
In a collective effort, South Tapanuli Regency, a significant non-PSP shareholder, has also committed IDR 70 billion, drawn from its regional budget (APBD) and inclusive of dividends, to bolster Bank Sumut’s financial standing.
Reaffirming the provincial commitment, Bobby stated, “Beyond the provision of assets, the North Sumatra Province will contribute an additional IDR 100 billion to augment Bank Sumut’s capital base.”
The Bank Sumut GMS, held on Monday, April 6, 2026, encompassed a comprehensive agenda of six key points. These included the crucial approval of PT Bank Sumut (Perseroda)’s financial statements for the fiscal year 2025, deliberations on the utilization of net profit after tax for 2025 and strategic plans for the 2026 fiscal year, and the granting of authority to the Bank Sumut Board of Commissioners to endorse initial capital deposits for the fiscal year 2026. This extensive agenda reflects the bank’s proactive approach to robust governance and future growth.