Corporate Segment Dominates as National Credit Grows 10.42% in Q1 2026
Spokesperson for the Coordinating Ministry for Economic Affairs, Haryo Limanseto, reported that national credit growth in the first quarter of 2026 reached 10.42% year-on-year (yoy). He detailed that, in terms of structure, credit growth was supported by strong performance in the corporate, commercial, and consumer segments. Corporate credit grew the highest at 14.29%, consumer credit at 13.97%, commercial credit at 11.11%, but SME credit contracted by 3.57%.
“The increase in outstanding credit balances and the number of credit recipients reflects that the banking intermediation function continues to operate optimally, supporting economic activities and expanding financing access to the public,” Haryo stated in his remarks on Monday, 20 April 2026.
He explained that the SME credit contraction remains controlled and is part of the consolidation process towards a healthier and more sustainable financing structure. Amid pressures on the micro sector, the strengthening of People’s Business Credit (KUR) has become the primary instrument in maintaining financing access.
In the first quarter of 2026, KUR continued to show stable performance with positive growth of 0.21% (yoy) and an outstanding balance reaching Rp522 trillion. This stability affirms KUR’s role as an anchor for SME financing amid economic dynamics.
In addition, the implementation of the Housing Programme Credit (KPP), which began in October 2025, also showed positive developments with an outstanding balance reaching Rp15.76 trillion as of 31 March 2026.
Overall, government programme credits consisting of KUR, KPP, Agricultural Machinery Business Credit, and Labour-Intensive Industry Credit grew by 3.23% (yoy). This growth demonstrates the government’s strong commitment to maintaining the continuity of real sector financing.
From a risk perspective, the government is monitoring the trend of increasing non-performing loan ratios in the SME segment, with the SME credit NPL ratio reaching 4.55% in March 2026. However, the quality of KUR financing remains well-maintained, as reflected in the relatively low KUR NPL rate of 2.16% in January 2026.
“This shows that the KUR policy design, supported by a strong guarantee/insurance system, is able to maintain a balance between expanding financing access and prudent risk management,” Haryo said.
The finding that guarantees/insurance serve as a solution in SME financing has been concretely implemented in KUR and KPP policies. The performance of guarantees/insurance in the KUR programme also shows solid and sustainable conditions.