OJK Presents Evidence of Financial Sector's Growing Contribution to the Economy

Jakarta, VIVA – The Financial Services Authority (OJK) has revealed that the financial services sector recorded high growth of 7.92 per cent year-on-year in Q4 2025, marking the highest pace since June 2021. The financial sector’s contribution to the national economy has also continued to increase.

Acting Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, stated that the growing contribution of the financial sector to the national economy is reflected in the ratio of Indonesian financial assets and products, which has reached 184 per cent of GDP. This has been supported by rising participation in capital markets and broader diversification of financial products.

“BPS data shows that the financial services sector grew by 7.92 per cent annually in the same period, which represents the highest growth rate since Q2 2021,” said Friderica during the Economic Outlook 2026 webinar in Jakarta on Thursday, 19 February 2026.

Friderica said the high growth in the financial services sector was underpinned by the Insurance and Pension Funds as well as Financial Support Services sub-sectors, which recorded positive growth in 2025 after two consecutive years of negative growth.

The ratio of financial assets and products comprises Market Capitalisation and Outstanding Bonds reaching Rp24,773 trillion or 104 per cent, and Banking Assets of Rp13,889 trillion or 58.3 per cent.

Additionally, assets in the Insurance, Guarantee, and Pension Fund (PPDP) sector along with Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML) totalled Rp4,056 trillion or 17 per cent. Capital Market Financial Institution assets stood at Rp87.67 trillion or 0.4 per cent, and Managed Fund assets reached Rp1,043 trillion or 4.4 per cent.

Friderica explained that going forward, the OJK will continue to maintain the stability of the financial services sector by establishing three priority policies: strengthening the resilience of the financial services sector, developing a financial ecosystem that contributes more significantly to the economy, and deepening sustainable financial markets, including strengthening sustainable finance.

Friderica further expressed optimism that the positive performance trend in the financial services sector could continue in 2026, whilst carefully monitoring the various challenges and opportunities faced, as well as the policies being adopted.

For 2026, the OJK projects banking credit growth of 10–12 per cent, supported by Third-Party Fund growth of 7–9 per cent. Insurance programme assets are expected to grow by 5–7 per cent, Pension Fund programme assets by 10–12 per cent, and Guarantee Programme assets by 14–16 per cent. Financing Company receivables are projected to grow by 6–8 per cent. In the capital market, fundraising is targeted to reach Rp250 trillion.