BSI Affirms No Use of Additional SAL Fund Placement for Government Securities

JAKARTA, KOMPAS.com - PT Bank Syariah Indonesia (Persero) Tbk or BSI has ensured that the additional placement of end-of-budget balance (SAL) funds will be used to disburse financing, not to buy Government Securities (SBN).

BSI’s Deputy Director Bob Tyasika Ananta emphasised that, just like previous SAL fund placements, the bank will utilise these funds to provide financing to the community.

“No (used for SBN), for now, if there is such a placement at BSI, it is indeed directly disbursed. Because of several needs,” he said when met at Menara Radius Prawiro, Jakarta, on Thursday (2/4/2026).

He continued that the SAL funds will not only be disbursed to consumer banking, which is BSI’s main portfolio, but also for financing partners, automotive, hajj, and gold.

“We also have bullion gold, including pawn. So it will be disbursed,” he said.

Meanwhile, BSI Corporate Secretary Wisnu Sunandar also stated the same. The additional SAL funds placed at BSI will be disbursed to finance sectors deemed capable of driving national economic growth.

“In March 2026, BSI has again been entrusted to manage state fund placements from the Ministry of Finance, which will be disbursed to encourage financing growth in various real sectors and sectors that drive community economic circulation,” he told Kompas.com on Wednesday (1/4/2026).

“A week before Eid, I add another Rp100 trillion injected into the economic system,” he said at the Ministry of Finance, Jakarta, on Wednesday (25/3/2026).

However, unlike previous SAL fund placements at Himbara banks amounting to Rp200 trillion, this time Purbaya did not prohibit banks from channelling the additional funds to SBN.

Purbaya explained that the fund placement is intended to loosen banking liquidity, which has started to tighten. This condition is reflected in the rise of SBN yields.

“If the bond yield rises by 0.1 percent, I’ve already paid attention, what’s going on? Rises by 0.4 percent, definitely drought, lack of liquidity in banks or what’s the cause? I check, oh true, banks are short. I add more injections into the system,” he explained.