BTN Seeks Additional Liquidity of IDR 12.5 Trillion from Government
JAKARTA – PT Bank Tabungan Negara (Persero) Tbk, or BTN, has welcomed the government’s plan to increase fund placements in the state-owned banking group (Himbara) by IDR 100 trillion. This additional liquidity is expected to support credit expansion, particularly in the housing sector.
BTN Chief Executive Officer Nixon LP Napitupulu stated that the company hopes to secure its share of the additional funds, given that liquidity needs remain substantial amid business growth that continues at double-digit levels.
“We’re pleased. We’re pleased and hopeful to receive a portion. Our growth is double-digit, so if asked whether we still need funds, yes, we do,” Nixon said during an interview at his office in Jakarta on Friday (13 March 2026).
According to Nixon, BTN has already submitted a proposal to the government to obtain additional fund placements following the earlier receipt of IDR 25 trillion in funds.
The funds will continue to be directed towards credit distribution in the housing sector, including support for various programmes related to the housing ecosystem.
“We’ve suggested half of what we received before. But that’s just a proposal; the decision rests with the government,” Nixon said.
He assessed that the government’s additional fund placement can help improve banking sector liquidity conditions whilst maintaining credit growth momentum.
“Indeed, the situation is rather different. Himbara is growing at double-digit rates. The private sector is growing at single digits, even in the middle of single digits. Regional development banks (BPDs) have even lower growth in 2025,” he noted.
Earlier, Finance Minister Purbaya Yudhi Sadewa stated that the government plans to increase fund placements in banks by IDR 100 trillion to strengthen the financial system’s liquidity whilst maintaining credit growth.
“There may be another IDR 100 trillion that could be allocated. This means it will not be given as long-term deposits, but rather as shorter-term and more flexible placements,” Purbaya said at the Ministry of Finance office in Jakarta on Friday (6 March 2026).
Purbaya explained that the funds come from the government’s budget expenditure that has not yet been realised. The government chose to place them in banks so that they can be utilised to strengthen financial system liquidity and encourage credit distribution.
“It’s money from our own budget that hasn’t been spent yet, and we’re placing it there,” he said.
“Rather than placing it with Bank Indonesia, banks would have no access to it,” Purbaya added.