House Commission XI and Himbara Align Perceptions on Banking Industry Needs
The Commission XI of the House of Representatives (DPR RI), in collaboration with the State-Owned Banks Association (Himbara), is striving to align perspectives regarding the needs of the national banking industry.
Chairman of Commission XI, Mukhamad Misbakhun, stated that following their meeting with Himbara, the commission will hold further discussions with the Financial System Stability Committee (KSSK) to address banking liquidity. He emphasised the need to synchronise the requirements of Himbara banks with Bank Indonesia’s liquidity policies and address issues regarding undisbursed loans.
Commission XI held a closed-door hearing with the presidents of Himbara banks to discuss the utilisation of Excess Budget Balances (SAL) and bank credit distribution. Misbakhlar revealed that the meeting focused on understanding Himbara’s specific needs regarding the SAL funds that have been re-deposited by the Ministry of Finance.
“We want to hear the needs of Himbara banks regarding the SAL, and specifically identify the issues regarding credit distribution related to those funds,” Misbakhun said. He added that credit distribution by the banking sector would have a positive impact on national economic growth, noting that the injection of SAL funds is a significant driver for the economy.
Regarding the closed-door nature of the meeting, Misbakhun explained that the decision was made to prevent debate over information that still requires synchronisation with other parties or information that is not yet permanent.
On 29 June 2026, the Ministry of Finance decided to re-deposit state treasury funds amounting to Rp281 trillion into Himbara member banks until the end of December 2026. Additionally, the Ministry of Finance has prepared an additional standby fund of Rp100 trillion to be used should the banking sector require further liquidity.
“The government’s SAL funds in the banking sector will be returned; the previous Rp281 trillion will be re-deposited and extended until the end of December 2026. Alongside this, there is an additional Rp100 trillion as a standby fund in case it is needed,” said Deputy Finance Minister Juda Agung.
Juda detailed that the government had previously withdrawn Rp110 trillion from the SAL in June 2026 from the initial placement of Rp281 trillion. This amount has now been returned to the banks, bringing the total placed funds back to Rp281 trillion, which will be maintained until the end of the year.
Furthermore, an additional standby fund of Rp100 trillion is currently held at Bank Indonesia (BI). Consequently, the total funds available for placement in the banking sector could reach Rp381 trillion. Juda expressed hope that this additional liquidity from the state treasury would help maintain credit growth at a double-digit level.