Danantara CEO's Response to the PNM and Geo Dipa Asset Swap
Jakarta, CNBC Indonesia - The CEO of the Investment Management Agency (BPI) Danantara, Rosan Perkasa Roeslani, was not very forthcoming in responding to Finance Minister Purbaya Yudhi Sadewa’s intention to take state-owned enterprise PT Permodalan Nasional Madani (PNM) from Danantara for the Ministry of Finance.
When asked by reporters whether he approved of the transfer of PNM to become a Public Service Agency (BLU) under the management of the Ministry of Finance, Rosan declined to elaborate. Instead, he redirected the question to be answered by Purbaya’s side.
“You might want to ask the Ministry of Finance,” Rosan said at his office in Jakarta on Thursday (23/4/2026).
A similar cool response emerged when reporters confirmed whether there had been a special meeting between him and Purbaya to discuss the takeover of PNM. He merely stated that PNM continues to operate as usual under Danantara’s control.
“We are proceeding as usual,” he remarked.
As is known, Finance Minister Purbaya Yudhi Sadewa had previously discussed the asset swap plan for PT PNM, which is under BPI Danantara, with the Ministry of Finance’s BLU, PT Geo Dipa Energi (Persero).
Purbaya acknowledged that the Ministry of Finance had discussed the exchange with Geo Dipa and it is still in the further discussion stage.
“We just discussed how about swapping with Geo Dipa, but that’s still being talked about. Clearly, the focus is still on how the Ministry of Finance can take over PNM,” Purbaya told reporters at the Attorney General’s Office (Kejagung) in South Jakarta on Friday (10/4/2026).
Unfortunately, he did not provide further details on the certainty of the asset swap between the two companies.
PT Geo Dipa Energi (Persero) is a state-owned enterprise (BUMN) under the Ministry of Finance with Special Mission Vehicle (SMV) status. The BUMN focuses on the development and management of geothermal energy to produce clean electricity.
It is worth noting that Purbaya has obtained permission from President Prabowo Subianto to take over PNM from the Danantara BPI. He acknowledged that President Prabowo has agreed. Purbaya indeed wants PNM to be developed into an SME Bank under the Ministry of Finance.
Purbaya stated that the takeover of PNM is as an entity managed by the Ministry of Finance’s public service agency to be transformed into a special SME bank.
“So PNM will become a bank that might be under PT SMI or PIP, under us, it will channel KUR (people’s business credit),” Purbaya said during a working meeting with Commission XI of the DPR in Jakarta on Monday (6/4/2026).
Furthermore, Purbaya explained that the establishment of this SME bank will not only focus on financing but will also be built as an integrated ecosystem to comprehensively drive the growth of small and medium enterprises.
“Later, I will also build an ecosystem that supports the integrated development of UMKM, with advisors, training, marketing, credit guarantees, and so on,” he stated.