Bank Mandiri Responds to Additional SAL Fund Placements
Bank Mandiri has responded to the increase in Excess Budget Balance (SAL) funds placed by the Ministry of Finance in state-owned banks. The President Director of PT Bank Mandiri (Persero) Tbk, Riduan, stated that the placement of SAL funds demonstrates excellent synergy between the government and the banking sector in strengthening financial sector resilience.
According to him, the policy of placing SAL funds has proven to contribute positively to strengthening the liquidity of the banking industry, while simultaneously encouraging more optimal intermediation functions.
Meanwhile, Bank Mandability’s Director of Finance & Strategy, Novita Widya Anggraini, mentioned that the presence of SAL funds provides a measurable positive impact on the funding structure, including the efficiency of cost of funds, which directly expands the scope for credit distribution. Bank Mandiri, she said, remains focused on achieving solid growth in third-party funds (DPK).
“As a strategic partner to 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 projects that credit distribution will grow in line with the industry rate until the end of the year.
The Minister of Finance, Purbaya Yudhi Sadewa, added that the placement of SAL funds in member banks of the State-Owned Banks Association (Himbara) has reached Rp 400 trillion. This increase follows the ministry’s gradual withdrawal of SAL funds over the past two weeks.
“There is still Rp 170 trillion there; I am returning it to become Rp 200 trillion for the long term, adding another Rp 100 trillion perhaps for a 3-4 month period, and then adding another flexible Rp 100 trillion,” said Purbaya during a press conference at the Ministry of Finance office on Friday, 26 June 2026.
Purbaya claimed that the placement was carried out under the direction of President Prabowo Subianto to ensure that banks do not face liquidity shortages and that the economy continues to function.