OJK Confident that IDR 200 Trillion in Funds Will Boost Credit Growth
The Head of Banking Supervision at the Financial Services Authority (OJK), Dian Ediana Rae, believes that extending the placement of IDR 200 trillion in surplus budget funds in banks will encourage credit growth in 2026. This year, OJK is targeting a 10-12% growth in bank credit.
According to Dian, the placement of government funds in banks that are members of the Association of State-Owned Banks (Himbara) has helped to boost credit. “We hope that OJK’s target, which is above 10%, will be achieved, around 10-12%. And if we look at the indicators, there has been a significant increase in credit,” he said at the Mandarin Oriental Hotel, Jakarta, on Thursday, February 26, 2026.
OJK has not yet published the latest data on credit growth. However, Dian believes that the growth rate has begun to improve. “The point is, there has been a slight increase. We hope that with increasing consumer confidence, it will also encourage MSMEs to start moving again,” he said.
The placement of government funds in state-owned banks has been carried out since September 2025 and will mature in March. However, Finance Minister Purbaya Yudhi Sadewa stated that he will not withdraw or extend the period of the funds for the next six months.
The IDR 200 trillion in SAL funds was initially transferred to the five Himbara banks through a Minister of Finance (KMK) Decree No. 276 of 2025 on Friday, September 12, 2025. After the placement of funds, bank credit in September 2025 was recorded at 7.70%, an increase from 7.56% in August 2025.
Based on the latest data from Bank Indonesia (BI), in January 2026, bank credit grew by 9.96%. This is a slight increase compared to the achievement in December 2025, which was 9.69%. Based on the use group, this development was supported by investment credit, working capital credit, and consumer credit, which in January 2026 grew by 22.38%, 4.13%, and 6.58%, respectively. According to BI, this positive credit development is supported by increased economic activity, the easing of monetary and macroprudential policies by Bank Indonesia, and the realization of government priority programs.