Banks Push Hard to Raise Third-Party Funds Through Deposits

Jakarta, CNBC Indonesia — Third-party funds (DPK) at national banks continued to accelerate through July 2026. However, the increasingly strong growth in fundraising, particularly in deposits, came amid pressure on banks’ net interest margin (NIM).

The Financial Services Authority (OJK) recorded banking DPK in July 2026 at Rp10,336 trillion, growing 11.21% year-on-year (yoy). That growth rose compared with June 2026, which stood at 10.21% yoy.

OJK Chief Executive Banking Supervisor Dian Ediana Rae said banking intermediation performance continued to strengthen. The growth in DPK has become one of the pillars supporting liquidity amid increasingly solid credit expansion.

“On the other hand, third-party funds or DPK accelerated, growing 11.21% year-on-year, having recorded 10.21% year-on-year in June, to reach Rp10,336 trillion,” Dian said at a press conference for the OJK Board of Commissioners’ August 2026 Meeting on Monday (7/9/2026).

By component, deposits were the highest source of DPK growth, with growth reaching 13.13% yoy. Current accounts (giro) grew 11.81% yoy, while savings grew 8.37% yoy.

As a result, growth in deposits and current accounts was higher than overall DPK growth, while savings growth remained below the industry average.

On the other hand, the growth in DPK has yet to boost banks’ net interest margin. OJK recorded the banking NIM in July 2026 at 4.32%, down from 4.34% in June 2026.

Compared with the same period the previous year, the pressure on margins is more evident. The NIM in July 2025 still stood at 4.57%.

Although margins and profitability are under pressure, the quality of banking assets remains relatively sound. The gross NPL ratio stood at 2.10%, up slightly from 2.09% in June. Meanwhile, the net NPL improved to 0.81% from 0.82%, and the loan at risk (LAR) ratio fell to 8.39% from 8.47%.

Banking liquidity also remains adequate. The ratio of liquid assets to non-core deposits (AL/NCD) reached 102.45%, while liquid assets to DPK (AL/DPK) stood at 23.10%. Both remain above their respective thresholds of 50% and 10%.

Meanwhile, the banking industry’s Liquidity Coverage Ratio (LCR) was recorded at 187.5%.