The placement of Rp200 trillion in funds from the government through the Ministry of Finance to five state banks last September has now been reported to have been channeled into financing for the productive sector.
As is known, the government is injecting IDR 200 trillion from the Excess Budget Balance (SAL) into five state banks, namely PT Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk (BNI), PT Bank Tabungan Negara (Persero) Tbk (BTN), and PT Bank Syariah Indonesia Tbk (BSI).
President Director of BRI Hery Gunadi said that BRI has optimized the placement of government funds of IDR 55 trillion sourced from the Excess Budget Balance (SAL) for financing in the productive sector.
"Where on October 16, 2025, the funds had been fully allocated to the micro segment of Rp28.08 trillion, corporations Rp11.07 trillion, commercial Rp10.13 trillion, and consumer Rp6.58 trillion," he said at the BRI Financial Performance Press Conference for Quarter III, in Jakarta (10/30/2025).
On that occasion, BRI also reported a net profit in the third quarter of 2025 of Rp 41.2 trillion, down 9.17% from the same period last year (year on year/YoY) of Rp45.36 trillion.
From the intermediation side, BRI recorded credit distribution growth of 6.3% YoY to Rp1,438 trillion, while Third Party Funds (DPK) grew 8.2% YoY to Rp1,474 trillion.
This excellent performance caused BRI's assets to grow 8.2% YoY to Rp2,123 trillion.
BRI also took part in distributing Wage Subsidy Assistance (BSU) worth Rp2.25 trillion to 3.7 million recipients, as well as financing the Housing Financing Liquidity Facility (FLPP) to 110 thousand low-income people with a distribution value of Rp15.07 trillion.
In addition, the Company also supports the Merah Putih Village/Kelurahan Cooperative (KDMP) program and will play a role in distributing Temporary Cash Assistance for People's Welfare (BLTS Kesra) to maintain people's purchasing power.
Financing distribution from other state banks
Another state bank, Bank Mandiri, has also reported the distribution of financing from government funds. The government mandate has been effectively distributed at Rp41 trillion as of the end of September 2025, or in just 15 days. At the beginning of September, Bank Mandiri received an injection of funds amounting to Rp55 trillion.
Reaching more than 15 national strategic sectors to support food and energy security, reaching more than 24 thousand UMKM, spread across 37 provinces throughout Indonesia. This achievement reflects Bank Mandiri's real commitment to strengthening the people's economy in a sustainable manner.
Director of Commercial Banking Bank Mandiri Totok Priyambodo said that as of September 30, 2025, the realization of credit distribution from SAL funds reached 74% of the total placement of 55 trillion rupiah.
"All of these distributions are carried out with prudence and transparent reporting. Our distribution focuses on the UMKM segment and labor-intensive industries such as plantations and food security, downstreaming of natural resources and renewable energy, health services, manufacturing and industrial areas. BM strives to encourage national economic growth while expanding job creation," he told SUAR in Jakarta (10/30/2025).
A similar thing was also done by BSI. BSI President Director Anggoro Eko Cahyo added that the placement of Rp10 trillion in government funds at BSI could be fully distributed this October.
He said that currently the absorption of these funds has exceeded 50%. However, he did not mention in detail what the absorption figure was. His party will provide further information regarding this matter when he meets with Minister of Finance Purbaya Yudhi Sadewa in the near future.
Abundant liquidity
Previously, on Wednesday (10/22/2025), the Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar, accompanied by the Chief Executive of Banking Supervision of the OJK Dian Ediana Rae, met with Minister of Finance Purbaya Yudhi Sadewa at the Ministry of Finance office, Jakarta.
On that occasion, Mahendra reported on the progress of credit distribution from the SAL fund injection provided by the Ministry of Finance from SAL.
Mahendra said that the placement of funds of Rp 200 trillion had increased banking liquidity and provided space for credit distribution for Himbara. In practice, the funds are mixed (blended) with funds previously owned by banks.
On the other hand, the government's injection of funds also provides momentum for Himbara to reduce all interest rates. Thus, Himbara is expected to increase credit growth to then encourage faster economic growth.
Mahendra said that, based on the reports he received, the realization of credit distribution from each bank varied. Some are 70%, 50% and some are only around 20%-30%.
On a separate occasion, Tuesday (10/28/2025), Minister of Finance Purbaya Yudhi Sadewa warned that the funds should not be distributed to conglomerates. The government's aim in providing additional liquidity, continued Purbaya, is so that it can be distributed into business capital that can drive the people's economy.
He added that if the banking system is good, credit distribution will spread to the financial system and can be distributed to various economic and industrial sectors.
At the press conference of the Board of Governors Meeting (RDG), Wednesday (10/22/2025), Governor of Bank Indonesia (BI) Perry Warjiyo said that loose monetary policy and the placement of Government SAL funds in banking encouraged an increase in the money supply.
Citing BI data, the liquidity of the economy or the money supply in the broad sense (M2) in September 2025 grew higher. M2 growth in September 2025 was 8.0% YoY, higher than the August 2025 growth of 7.6% YoY, so it was recorded at Rp9,771.3 trillion. This development was driven by the growth of narrow money (M1) of 10.7% YoY and quasi money of 6.2% (YoY). This means that the money injected by the government into the five state banks has proven to be increasingly flooding the liquidity of the money in circulation.
Perry said that credit demand has not been strong, influenced by the attitude of business actors who are still wait and see, optimization of internal financing by corporations, and credit interest rates that are still relatively high.
"The interest in banking credit distribution is generally quite good as reflected in the fairly loose lending requirements, except for the consumer credit and UMKM segments in line with the bank's prudence amid credit risk in these two segments," said Perry.
