Bank Mandiri Responds to Additional SAL Fund Placements

Bank Mandiri has responded to the addition of Saldo Anggaran Lebih (SAL) funds placed by the Ministry of Finance in state-owned banks. President Director of PT Bank Mandiri (Persero) Tbk., Riduan, stated that the SAL placement demonstrates good synergy between the government and the banking sector in strengthening the resilience of the financial sector. According to him, the SAL placement policy has proven to contribute positively to strengthening the banking industry’s liquidity, while also encouraging more optimal intermediation functions. Meanwhile, Bank Mandiri’s Director of Finance & Strategy, Novita Widya Anggraini, mentioned that the presence of SAL funds has a measurable positive impact on the funding structure, including cost of funds efficiency which directly expands the room for credit distribution. Bank Mandiri, she said, remains focused on solid third-party fund (DPK) growth. “As a strategic partner of the government and a driver of the people’s economy, Bank Mandiri’s credit distribution is focused on the MSME segment, which plays a major role in driving the national economy,” said Novita. Bank Mandiri itself projects that credit distribution will grow in line with the industry pace until the end of the year. Minister of Finance Purbaya Yudhi Sadewa increased the placement of SAL funds in banks that are members of the State-Owned Banks Association (Himbara) to reach Rp 400 trillion. This addition was made after the ministry had previously withdrawn SAL funds in stages over the past two weeks. “There is still Rp 170 trillion there, I returned it to Rp 200 trillion for the long term, added another Rp 100 trillion perhaps for a 3-4 month term, then added another flexible Rp 100 trillion,” said Purbaya during a press conference at the Ministry of Finance office on Friday, 26 June 2026. Purbaya claimed the placement was under the direction of President Prabowo Subianto to ensure banks do not lack liquidity and the economy continues to run.