The Medium Term National Development Plan (Rencana Pembangunan Jangka Menengah Nasional) 2020-2024, issued by the Indonesian Ministry of National Development Planning (Bappenas) (RPJMN), seeks annual economic growth of 6 percent, with an initial rate of 5.3 percent expected in 2020. This ambitious target will need to be underpinned by a stable banking industry, under the mandate of the Indonesian Financial Services Authority (Otoritas Jasa Keuangan, also commonly known as the OJK). To this end, the OJK recently issued OJK Regulation No. 41/POJK.03/2019 concerning commercial bank mergers, consolidations, acquisitions, integrations, and conversions (the new regulations).