Government Urges State Banks to Spur National Economic Growth
The government is strengthening the position of the State-Owned Banks Association (Himbara) as a primary pillar to drive national economic growth following a meeting with President Prabowo Subianto at the Merdeka Palace on Thursday (18/6/2026). This strategic move aims to broaden public economic access, especially for micro, small, and medium enterprises (MSMEs). The strength of these state-owned banks is reflected in their combined market capitalisation, which reached Rp 1,100 trillion, or approximately 10 per cent of the total market capitalisation of companies in Indonesia.
Chief Executive Officer (CEO) of Danantara Indonesia and Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, affirmed Himbara’s substantial capacity to support the development agenda on Monday (22/6/2026). “With a combined market capitalisation of around Rp 1,100 trillion, Himbara has a very large capacity to become a driving force for the national economy while supporting various development programmes that are the government’s priorities,” said Rosan Roeslani.
The government is targeting state-owned banks to reach millions of MSME players to accelerate national economic growth. The contribution of these state financial institutions is expected to provide broader and more equitable benefits for all levels of society. “Himbara’s role is not only measured by profit achievement, but also by the extent to which its presence can open equal access and opportunities for the community, from MSME players to larger business sectors,” Rosan Roeslani stated.
The presence of Danantara as the manager of state-owned enterprises is considered to strengthen the transformation of state banking through more solid coordination among institutions. Banking analyst Moch. Amin Nurdin appreciated the new synergy established for the harmony of intermediation functions. “Under Danantara’s coordination and the President’s direction, there is strengthened synergy among state banking institutions so that Himbara’s intermediation function is increasingly aligned with the national development agenda set by the government,” said Moch. Amin Nurdin.
On the other hand, good corporate governance and risk management discipline remain a primary concern amid this expansion of duties. The increase in Himbara’s business volume and customer base in the future must be balanced with healthy growth quality. “The biggest challenge for Himbara going forward is not merely pursuing credit growth, but ensuring that growth remains of high quality, supported by strong risk management, and capable of maintaining profitability sustainably,” said Moch. Amin Nurdin.