OJK Responds to Purbaya's Decision to Extend Placement of IDR 200 Trillion SAL Funds

Jakarta, CNBC Indonesia - The Indonesian Financial Services Authority (OJK) has responded to the policy of Finance Minister Purbaya Yudhi Sadewa, who has decided to extend the placement period of IDR 200 trillion in Surplus Budget Funds (SAL) in domestic banks for another six months.

Head of Banking Supervision at the OJK, Dian Ediana Rae, said that this extension is very positive for the banking industry as it not only increases liquidity but also helps to lower bank interest rates.

“This is also important because if liquidity increases, competition for funds will decrease. This means that banks will not need to negotiate special rates,” he said when met at the Mandarin Hotel Jakarta, Thursday (February 26, 2026).

“Currently, the average funding rate is decreasing, and the interest rates are also decreasing, in aggregate,” he added.

Dian admitted that the previous tenor was considered too short, which limited the maximum distribution of credit, including financing for the Micro, Small, and Medium Enterprises (MSME) sector. “These projects usually take a year, so I think this extension is a good thing,” he said.

Dian further explained that the extension of credit, which will affect the decrease in bank interest rates, will also have a positive impact on MSME credit financing, which can boost MSME credit growth this year.

“Hopefully, this will revitalize MSMEs,” he said.

Regarding the distribution of MSME credit, Dian said that after the policy of writing off bad debts, credit in this sector will be revitalized. “After that, it usually bounces back. So, after everything is cleared, it will jump again,” he said.

He hopes that the target of bank credit growth of around 10-12% can be achieved. “If we look at the signs, last month, I forgot the exact figure, but last month there was a significant increase in credit,” he concluded.

(haa/haa)