Himbara Banks Become National Economic Engine with Rp1,100 Trillion Value

Jakarta: The presence of the Association of State-Owned Banks (Himbara) should be viewed not only as a business entity but also as an active contributor to public welfare. President Prabowo Subianto underscored the strategic role of Himbara banks for national economic growth during a meeting with the boards of commissioners and directors of Himbara at the Merdeka Palace, Jakarta, on Thursday, 18 June 2026. Minister of Investment and Downstreaming/Head of BKPM and CEO of Danantara Rosan Roeslani explained that the combined market capitalisation of all Himbara banks could reach approximately Rp1,100 trillion. According to Rosan, this figure reflects around 10 percent of the total value of all national companies. “Bank Himbara’s value is approximately, for example, Bank Mandiri is worth around Rp450 trillion. This is based on market capitalisation on the stock exchange. Then BNI is slightly above Rp450 trillion, followed by BNI at around nearly Rp200 trillion, and also BSI and BTN. So if totalled, the value is approximately Rp1,100 trillion, which reflects 10 percent of the entire capital market value or the value of all Indonesian companies,” said Rosan, as quoted from the Presidential website on Tuesday, 23 June 2026. Seeing this potential, Rosan conveyed President Prabowo’s directive that the presence of Himbara banks should be seen not only as business entities but also as institutions that actively provide benefits to society. Rosan mentioned that this could include providing equality and opportunity for all levels of society, including Micro, Small, and Medium Enterprises (MSMEs). “Banking should not solely pursue profit, but its presence must also be felt by the community, the people, in the form of providing equality and opportunity for all levels, from MSMEs to commercial and corporate entities,” Rosan explained. Himbara banks also play a crucial role in supporting government programmes. However, Rosan noted that in carrying out their roles and business processes, Himbara banks must uphold the principles of prudence and professionalism. “The most important thing is that everything must be carried out with the principle of prudence, professionally, and the presence of Himbara must truly be felt by all Indonesian people by providing equal opportunities,” he said. Rosan also stated that the Indonesian economy must become self-reliant. Therefore, the role of banking, especially Himbara banks, is vital in supporting the nation’s economy.