October 14, 2025 | 12:19 pm
TEMPO.CO, Jakarta - Indonesia's Finance Minister Purbaya Yudhi Sadewa said state-owned banks grouped under the Association of State-Owned Banks (In Indonesia; Himbara) are capable of fully channeling the government’s Rp200 trillion fund placement.
He noted that these banks have been moving swiftly to convert the funds into loans.
“The banks have been working fast. I think some even requested additional funds, so they’re clearly able to distribute them,” Purbaya said at the headquarters of the Directorate General of Customs and Excise on Tuesday, October 14, 2025.
According to him, the fund placement has been effective. He added that the banks stand to benefit from the program, as the cost of capital from government deposits is relatively low while the volume of credit disbursed can be significantly higher.
The government placed the funds in five state-owned banks: Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). The allocation depends on each bank’s size, with BRI, BNI, and Mandiri receiving Rp55 trillion each, BTN Rp25 trillion, and BSI Rp10 trillion.
Director General of Economic and Fiscal Policy at the Finance Ministry, Febrio Kacaribu, said that since the funds were disbursed on September 12, 2025, lending activity by state-owned banks has shown an upward trend.
He projected that this initiative could push national credit growth to around 10 percent by the end of 2025.
“In August, credit growth was still around 7 percent, but by the end of the year, we expect it to reach 10 percent,” Febrio said during a media gathering at the Directorate General of Taxes office in Jakarta on Thursday, October 9, 2025.
As of now, Febrio added, the absorption rate varies among banks. Of the total funds placed, Bank Mandiri has distributed 74 percent, BRI 62 percent, BNI 50 percent, BSI 55 percent, and BTN 19 percent.
Nandito Putra contributed to the writing of this article.
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