Minister of Finance Purbaya Yudhi Sadewa has announced that idle state funds, held at the Indonesian Central Bank (BI), will be placed into the banking system beginning Friday, September 12, 2025 and allocated to state-owned lenders under the Himbara group of State banks as well as Islamic banks.

“Yes, there are six, including Islamic banks,” Purbaya said when met at the House of Representatives (DPR) building on Thursday, September 11, 2025.

The four Himbara banks are Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), and Bank Tabungan Negara (BTN). While he did not disclose the two Islamic banks, it is likely that they include Bank Syariah Indonesia (BSI) and Bank Syariah Nasional (BSN).

Purbaya did not reveal how much funding each bank would receive, but stressed that allocations would not be evenly distributed.

“No, it won’t be divided equally. There will be different proportions,” he said.

The minister confirmed that regulations enabling the transfer of state funds from BI into commercial banks would be signed on Thursday night.

“Tomorrow [Friday] the money will already be in those banks,” he added.

Purbaya emphasized that the injected funds must be used to stimulate the economy, particularly through lending.

“We’ve spoken with the banks not to use the funds for buying SRBI or SBN (state securities). It’s up to the banks how to manage it, as long as liquidity enters the system,” he said.

Echoing the minister’s remarks, Febrio Kacaribu, Director General of Economic and Fiscal Strategy at the Finance Ministry, underlined that the fund placement is meant to boost credit growth. He warned against using the funds to purchase government bonds, as this would be counterproductive.

“If the money is used to buy SBN, it will just flow back to the government and won’t be felt directly by the people,” Febrio cited. “As the [Finance] minister instructed, we still have liquidity that can be channeled into the banking system. This can then support other innovative fiscal programs to spur growth. Right now, we are preparing the regulations,” he added.