April 23, 2025 | 06:51 pm
TEMPO.CO, Jakarta - Bank Indonesia (BI) disbursed Rp 370 trillion in Macroprudential Liquidity Policy (KLM) incentives as of the second week of April 2025. BI Governor Perry Warjiyo stated that the amount increased by Rp 78.3 trillion compared to the fourth week of March 2025.
Perry explained that the KLM incentives were distributed across four categories of banking institutions. “Bank Indonesia continues to promote implementing strengthened macroprudential liquidity policy (KLM) incentives to support banking credit growth,” Perry said during a press conference on Wednesday, April 23, 2025.
Bank Indonesia's KLM is an incentive to extend credit to banks or financing to various key sectors aimed at boosting economic growth. Bank Indonesia reported that the largest share of the current disbursement has gone to private banks or national private commercial banks, amounting to Rp167.4 trillion.
KLM incentives for state-owned banks were disbursed for Rp 161.7 trillion. Meanwhile, regional development banks (BPD) received Rp35.7 trillion, and foreign bank branches (KCBA) received Rp5.8 trillion.
According to Perry, the increase in KLM incentives aligns with implementing additional incentives that took effect on April 1, 2025. As previously announced, Bank Indonesia officially raised the KLM housing incentive on April 1 to support President Prabowo Subianto’s program in the housing sector.
Bank Indonesia has decided to increase the housing incentive from 4 percent to 5 percent of banks' third-party funds (DPK). "Specifically for the housing sector, KLM incentives rose by Rp84 trillion from the fourth week of March 2025," Perry stated.
He also noted that, sectorally, these incentives are channeled into priority sectors, including agriculture, real estate, public housing, construction, trade and manufacturing, transportation, warehousing, tourism, and creative economy, as well as MSMEs.
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