Bank Credit Grows 11.5%, MSME Financing Remains Key Challenge

Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) has stated that the performance of the financial services sector, particularly banking, remains sound. OJK Chair of the Board of Commissioners Friderica Widyasari Dewi revealed that credit growth has reached double digits at 11.5%.

According to her, coordination among members of the Financial System Stability Committee (KSSK) — comprising the Ministry of Finance, Bank Indonesia (BI), the OJK and the Deposit Insurance Corporation (LPS) — has been highly solid in safeguarding the financial services sector.

“From the OJK’s side, several things relate to how credit has grown: banking credit grew 11.5%, which is around Rp 8,600 trillion,” Friderica said when met at the DPR RI building after a meeting with Commission XI in Jakarta on Monday (20/7/2026).

Beyond growth, Friderica also affirmed that credit quality and banking resilience remain at safe levels. This is reflected in a well-maintained non-performing loan (NPL) ratio, as well as banking liquidity that remains sufficient to support future expansion.

“It was also conveyed, for instance, that the NPL ratio is under control,” she said.

Nevertheless, Friderica — who is familiarly known as Kiki — acknowledged that challenges and outstanding issues remain, as questioned by Commission XI, particularly regarding access to financing for micro, small and medium enterprises (MSMEs).

Kiki noted that the DPR RI scrutinised the extent to which the impact of credit growth is being felt by small businesses.

“Earlier, the members of Commission XI raised many questions about MSME credit. So this is homework for all of us — how MSME credit can grow, and how we can provide support to MSMEs,” she said.

Kiki added that the OJK will continue to push strategic programmes aimed at deepening the financial markets and broadening credit access for MSMEs.

“Among the programmes we mentioned, for example, is deepening the market,” she concluded.