BI: Bank credit's role in supporting Indonesia's economy continues to grow

Jakarta (ANTARA) — Bank Indonesia (BI) has revealed that the role of banking credit in supporting economic growth continues to strengthen, with credit expanding from 11.51 per cent (year on year/yoy) in May 2026 to 12.67 per cent (yoy) in June 2026.

By use category, this development was supported by investment credit, working capital credit, and consumer credit, which in June 2026 grew by 24.90 per cent (yoy), 8.94 per cent (yoy), and 5.75 per cent (yoy) respectively.

“Bank Indonesia projects credit growth in 2026 to remain within the range of 8-12 per cent,” said BI Governor Perry Warjiyo at a press conference on the results of the Bank Indonesia Board of Governors Meeting (RDG), held online in Jakarta on Wednesday.

Perry added that this outlook is supported by demand-side potential, given the large volume of undisbursed loans, amounting to Rp2,490 trillion or 21.52 per cent of available credit ceilings, which need to be continuously realised to support economic financing.

In addition, developments in banking interest rates are expected to encourage credit growth, including through the publication of transparent assessments of the Base Lending Rate (SBDK).

The one-month deposit rate was recorded at 4.76 per cent in June 2026, while the lending rate as of June 2026 stood at 8.81 per cent.

Banking resilience is also considered to remain strong in mitigating global uncertainty for the financial system. This is reflected in capital capacity maintained at a high level, credit risk kept low, and banking liquidity across the industry remaining adequate.