Whether SAL exists or not, BTN maintains LDR within 92-95 per cent range
Whether there is SAL, or whether SAL enters or exits, we have a policy to maintain it between 92 to 95 per cent.
Jakarta (ANTARA) - PT Bank Tabungan Negara (Persero) Tbk (BTN) has stated that the company will continue to maintain its loan-to-deposit ratio (LDR) within the 92-95 per cent range, regardless of the placement of the government’s Excess Budget Balance (SAL).
LDR is a ratio that measures the extent to which third-party funds (DPK) collected by a bank are distributed as credit or financing.
“From year to year, we maintain BTN’s LDR between 9[0] and 95 per cent. Whether there is SAL, or whether SAL enters or exits, we have a policy to maintain it at 92 to 95 per cent,” said BTN President Director Nixon LP Napitupulu in Jakarta on Friday.
Nixon hopes that the banking sector will begin to reduce competition for funds, particularly deposits, following the decrease in SRBI interest rates and a more manageable schedule for SAL withdrawals.
According to him, the schedule for the return of SAL funds is now clearer, with some funds not due for return until mid-next year. This condition is seen as providing more breathing room for member banks of the State-Owned Banks Association (Himbara) in managing liquidity.
“The placed funds have already been converted into credit. This gives us time to collect funds, so we are not in a rush or under pressure to quickly replace them. Consequently, we hope that in the future, deposit interest rates, especially for time deposits, can begin to decrease. That is our hope,” he added.
With the extension of the SAL return schedule, Nixon stated that the company has more time to prepare liquidity. Nevertheless, the company will still endeavour to return funds according to the established schedule.
“We have more time to prepare liquidity. One year is quite significant. So, we will certainly still endeavour to return the funds according to the timeframe. However, we are also pleased that there is a delay because it provides more space to reduce the ‘war’ for public deposits,” said Nixon.
He noted that BTN has prepared liquidity in the event that a portion of the SAL funds is returned to the government this month, valued at approximately Rp5 trillion.
“Actually, in July, we had accumulated up to Rp19 trillion. It turned out it was cancelled; we are happy (about the cancellation of the government withdrawal). So, we are releasing it again, because of the interest burden. Now, we are starting to withdraw it again slowly,” said Nixon.
As of June 2026, BTN’s consolidated credit and financing grew by 11.2 per cent year-on-year (yoy) to Rp418.11 trillion. Meanwhile, third-party funds (DPK) grew by 6.6 per cent (yoy) to reach Rp433.00 trillion.
As of June 2026, BTN’s LDR was recorded at 96.6 per cent, an increase from 92.6 per cent in the same period the previous year. Meanwhile, gross NPL improved to the 3 per cent level, while the cost of funds (CoF) remained maintained at around 3.01 per cent.