BSI proposes Rp10 trillion government fund placement this year

Jakarta — PT Bank Syariah Indonesia Tbk (BSI) has applied to receive Rp10 trillion from the total Rp100 trillion government fund placement quota planned to be distributed this year.

“Each bank can submit a proposal, we (BSI) have proposed Rp10 trillion, but we don’t yet know what amount will be approved,” said BSI President Director Anggoro Eko Cahyo in Jakarta on Tuesday.

He stated that the funds would be utilised for consumer financing distribution, as the bank is currently focused on increasing consumer financing this year, which reached 46 per cent by the fourth quarter of 2025.

The bank remains optimistic that financing distribution will continue to grow despite global geopolitical volatility that has made economic conditions increasingly uncertain.

He noted that the company continues to implement various risk mitigation measures to address the current situation, including conducting stress tests.

“Whenever economic conditions worsen, we certainly conduct financial stress tests, and everything remains in line with our plan and on track,” said Anggoro Eko Cahyo.

Finance Minister Purbaya Yudhi Sadewa plans to increase government fund placement by Rp100 trillion to the banking sector to boost liquidity in the financial system.

This policy is similar to the previous Rp200 trillion injection into the Association of State-Owned Banks (Himbara). However, under this new scheme, he intends to make the funds short-term and flexible in nature.

“Possibly another Rp100 trillion can flow in and out. Meaning it is not bound in long-term deposits, but rather short-term and flexible,” said Purbaya during a media briefing at the Finance Ministry office in Jakarta on Friday, 6 March.

In the previous fund placement scheme, on-call deposits with a six-month tenor were used.

For the new fund injection, the scheme will be made more flexible so it can be withdrawn immediately when the government needs funds to finance state expenditure.

Another difference concerns the source of funds. In the previous injection, the budget source came from Budget Balance Surplus (SAL) which was not included in the state spending envelope.

For the Rp100 trillion injection, Purbaya plans to use government spending funds at Bank Indonesia (BI) that have not yet been absorbed.