October 10, 2025 | 08:23 am
TEMPO.CO, Jakarta - Indonesian Minister of Finance Purbaya Yudhi Sadewa said that he would reallocate the remaining Rp200 trillion in the State-Owned Banks Association (Himbara) that has not been disbursed. Last September, Rp 200 trillion flowed into Bank Mandiri Rp55 trillion, BRI Rp55 trillion, BNI Rp55 trillion, BTN Rp25 trillion, and BSI Rp10 trillion.
Purbaya said that he will transfer the money to the Regional Development Bank (BPD). The Ministry of Finance prioritizes this remaining money for Bank Jakarta and Bank Jawa Timur. "I will move it to other banks, to BPD. That is my top priority because of their strong backing," he said at the Jakarta International Convention Center, Thursday, October 9, 2025.
The former Head of the Deposit Insurance Corporation (LPS) stated that the funds in these five banks have not been fully disbursed. Bank Mandiri distributed Rp40.6 trillion (74 percent), BRI distributed Rp33.9 trillion (62 percent), BNI distributed Rp27.6 trillion (50 percent), BTN distributed Rp4.8 trillion (19 percent), and BSI distributed Rp5.5 trillion (55 percent). Overall, these banks have only disbursed Rp112.4 trillion, or 56 percent, of these funds.
On a separate occasion, the Director General of Economic and Fiscal Policy at the Ministry of Finance, Febrio Kacaribu, hoped that the placement of the government's Rp200 trillion fund in the banking sector could boost credit growth by up to 10 percent. So far, the realization of the absorption of these funds is claimed to be quite pleasing.
"If in August the credit growth was still 7 percent, by the end of this year, we hope it can reach 10 percent. The impact will be felt in working capital credit, consumption, and investment, which will ultimately contribute to the growth of GDP in the fourth quarter," said Febrio in a media briefing at the Directorate General of Taxes, Jakarta, October 9, 2025.
According to him, the policy of transferring government funds from Bank Indonesia to Himbara banks aims to strengthen banking liquidity and, at the same time, drive credit growth in the real sector. Febrio estimated that national credit growth could reach double digits by the end of 2025.
He added that this policy benefits both sides. For the government, placing funds in banks is as safe as in Bank Indonesia, but more productive because it is directly disbursed to the real sector. "For banks, this fund is attractive because its liquidity is cheap. For the government, it is equally safe, but its benefits are greater for the economy," he said.
Ilona Esterina contributed to the writing of this article
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