Jakarta (ANTARA) - Head of Banking Supervision at the Financial\nServices Authority (OJK), Dian Ediana Rae, believes that extending the\nperiod of placement of government funds of Rp200 trillion in banks for\nthe next six months could encourage credit growth to reach double\ndigits.<\/p>\n
The extension of the placement of excess budget funds (SAL) until\nSeptember 2026 is considered to strengthen banking liquidity while also\nsuppressing interest rates.<\/p>\n
\u201cOur hope is that the target set by the POJK will be above 10\npercent, around 10-12 percent. And if we look at the signs last month,\nthere was a significant increase in credit,\u201d said Dian after the The 2\nIndonesia Climate Banking Forum in Jakarta, Thursday.<\/p>\n
In this case, increased consumer confidence also encourages credit\ndemand, especially from the MSME sector.<\/p>\n
\u201cThe point is that there has been a slight increase, and we hope that\nwith increasing consumer confidence, it will also encourage MSMEs to\nmove forward again,\u201d he added.<\/p>\n
As is known, credit growth was recorded at 9.96 percent year-on-year\n(yoy) in January 2026. Meanwhile, growth in third-party funds (DPK)\nreached 13.5 percent and growth in primary money (M0) was 11.7 percent\nas of February 2026.<\/p>\n
Dian explained that, in fact, banking financing, especially to the\nMSME sector, does not run optimally in just six months because financing\nprojects are generally annual.<\/p>\n
Therefore, the extension of the policy is considered to provide more\nadequate space for banks to channel credit, especially to the MSME\nsector.<\/p>\n
In addition, he acknowledged that credit demand had weakened.\nHowever, this condition was also influenced by banks taking steps to\nclean up their balance sheets, including writing off bad credit. After\nthis process is completed, the intermediation performance is expected to\nstrengthen again.<\/p>\n
\u201cWhen I first met with the Minister of Finance, of course, six months\nis not enough. I think there is no financing, including financing for\nMSMEs, that can be carried out in six months. The project must be\nannual,\u201d he said.<\/p>\n
Previously, it was reported that the Minister of Finance, Purbaya\nYudhi Sadewa, decided to extend the placement of government funds of\nRp200 trillion in banks until September 2026.<\/p>\n
In a press conference on the February 2026 APBN KiTa Edition, Monday\n(24\/2), Purbaya said that the funds that will mature on March 13, 2026,\nwill be extended directly for six months so that banks do not have to\nworry about losing liquidity.<\/p>\n
Since the initial placement in September 2025 to January 2026, the\npolicy has also helped reduce interest rates. The six-month deposit\ninterest rate fell to 4.73 percent in January 2026 from 5.03 percent in\nNovember 2025.<\/p>\n
Meanwhile, the credit interest rate fell to 8.80 percent in January\n2026 from 9.20 percent in January of the previous year.<\/p>\n
\u201cThe placement of Rp200 trillion when it matures on March 13, 2026,\nwill be extended directly for six months. So, banks do not have to worry\nabout losing liquidity because the government will continue to support\nliquidity in the market,\u201d said Purbaya.<\/p>\n
The evaluation of the policy will be carried out again in\nSeptember.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-extension-of-rp200-trillion-sal-funds-to-boost-credit-growth-to-double-digits-1772093840", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }