Danantara Has No Issue with Purbaya "Taking" PNM from BRI

Jakarta - The Investment Management Agency (BPI) Danantara has stated that it has no issues with Finance Minister Purbaya Yudhi Sadewa’s move to take over PT Permodalan Nasional Madani (PT PNM). Danantara’s Chief Operating Officer (COO), Dony Oskaria, said that they are currently discussing the takeover mechanism, risks, and future management with Purbaya. “For us, there is no problem; whatever is best for the people,” Dony said when met at the Parliamentary Complex in Senayan, Jakarta, on Wednesday (8/4/2026). “I met with Mr Purbaya yesterday,” Dony continued. This is because the state-owned enterprise subsidiary has so far been supported by a bank. According to him, Purbaya has calculated how much capital the government must place in PT PNM. “Yes, because it has a large number of customers, right? So currently, we serve around 16-17 million people through PNM Mekar,” Dony stated. “The portfolio size is also large, right? This is being calculated,” Dony added. “In line with the President’s directives,” he said. Dony emphasised that state-owned enterprises are currently undergoing massive transformations to strengthen state companies. These improvements target various sectors, from food SOEs, logistics, asset management, hospitals, to the sugar industry. “We map and resolve them one by one,” Dony remarked. He highlighted the non-performing loan (NPL) ratio of 10% for People’s Business Credit (KUR) at PT PNM. However, the impact of KUR distribution can spill over to the state budget because it is subsidised by the government. “We are discussing it. Someone said the NPL for KUR is 10%. How can it be that high? Is the management not right? We pay the subsidy. If anything happens, it will affect us too,” Purbaya said after the APBN KITA Press Conference on Monday (23/2/2026).