Bank Mandiri: Extension of SAL Fund Placement Strengthens Liquidity, Drives Productive Credit

Bank Mandiri has assessed that the extension of Saldo Anggaran Lebih (SAL/Budget Balance Surplus) fund placement by the Ministry of Finance can strengthen banking sector liquidity whilst maintaining the continuity of credit distribution to productive sectors.

Adhika Vista, Corporate Secretary of Bank Mandiri, welcomed the Ministry of Finance’s decision to extend the placement of SAL funds in banks until September 2026. “This extension is expected to strengthen banking system liquidity and maintain the space for credit distribution to remain directed towards productive sectors,” he stated in an official statement on Saturday, 28 February.

Although not providing detailed figures, Adhika noted that the realisation of credit disbursement sourced from SAL funds at Bank Mandiri showed positive progress and was proceeding according to the placement plan. “All such disbursements are carried out with prudent principles and transparent reporting in accordance with applicable regulations,” he added.

Furthermore, Adhika stated that this financing support has also been distributed widely to micro, small and medium-sized enterprise (MSME) operators as the primary drivers of people’s economy. Bank Mandiri’s credit distribution has reached 37 provinces throughout Indonesia. “This reflects inclusive and equitable financing distribution,” he said.

Moving forward, Bank Mandiri will continue to ensure that every credit expansion is conducted selectively whilst considering demand dynamics, macroeconomic conditions, and maintained risk quality, ensuring that credit growth remains healthy and above industry average.

Based on Bank Mandiri’s monthly financial report (bank only) for January 2026, the bank’s credit realisation grew 15.62% year-on-year to Rp1.511.4 trillion. This increase in credit disbursement also drove total asset growth to Rp2.191.9 trillion or 13.96% year-on-year, reflecting business expansion that maintained quality alongside strengthened intermediation function in the early year.

Regarding credit quality, the Cost of Credit (CoC) in January 2026 also recorded a decrease of 21 basis points year-on-year to reach 0.35%, with the Non-Performing Loan (NPL) ratio remaining stable at 0.97% or down 3 basis points annually. These conditions reflect Bank Mandiri’s disciplined risk management and selectivity in financing expansion.