#Banking
Top banks welcome government’s Rp200 T fund placement for liquidity, credit growth
Three of Indonesia’s largest state-owned banks − PT Bank Syariah Indonesia (BSI), PT Bank Negara Indonesia (BNI), and PT Bank Mandiri − have expressed support for the government’s decision to place Rp200 trillion (US$12.1 billion) in five national banks as the policy is expected to bolster banking liquidity and encourage greater lending to real sector.
Finance Minister to redirect state funds from BI to lenders starting September 12
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.
Concerns raised over government plan to shift US$13.2 B to Himbara for fossil fuel financing
A proposal by the government, led by Finance Minister Purbaya Yudhi Sadewa, to move Rp200 trillion (US$13.2 billion) from the state’s reserves held by the Indonesian Central Bank (BI) to the State-Owned Banks Association (Himbara) has sparked concern among economic experts and environmental advocates.
Purbaya blames fiscal, monetary missteps for recent protests
Minister of Finance, Purbaya Yudhi Sadewa, has attributed recent waves of public protests across Indonesia to long-standing policy missteps in the country’s fiscal and monetary management, calling for urgent corrections to avoid further economic strain.
Bank Mandiri welcomes BI rate cut, strengthens focus on healthy, inclusive credit growth
State-owned Bank Mandiri has welcomed the Indonesian Central Bank’s (BI) decision to lower the benchmark BI Rate by 25 basis points to 5.00 percent, calling it an accommodative step to maintain economic stability amid global uncertainties.
Banking industry seen stronger in H2 as lending grows
Banking industry is projected to post stronger performance in the second half (H2) of 2025, supported by falling interest rates and cautious yet expansionary lending strategies, according to the Financial Services Authority (OJK).
BCA refutes irregularity allegations over 2002 acquisition by Djarum
PT Bank Central Asia (BCA) has denied recent media reports alleging irregularities in the acquisition of its majority shares by the Djarum Group during the presidency of Megawati Soekarnoputri.
BI weighs August rate cut to 5 percent amid mixed economic outlook
The Indonesian Central Bank (BI) is expected to cut its benchmark interest rate by 25 basis points (bps) to 5 percent today, August 20, 2025, eventhough several economists have provided differing projections regarding the direction of the benchmark interest rate (BI rate).
Legal experts: Banks obliged to disclose client data in money laundering cases
The ongoing trial of celebrity Nikita Mirzani, charged with extortion and money laundering, has sparked public debate after her bank records were disclosed in court for the sake of clarity and law enforcement.
OJK to review dormant account regulations to safeguard banking stability
The Financial Services Authority (OJK) has announced plans to review regulations governing dormant bank accounts to ensure financial system stability and provide legal certainty for both banks and customers.
BNI to support Red-and-White Cooperatives in strengthening grassroots economy
State-owned bank PT Bank Negara Indonesia is determined to support the Red-and-White Village and Urban Cooperative Program, launched by President Prabowo Subianto, in Bentangan Village, Klaten, Central Java on Monday, July 21, 2025.
BI rate cuts offer limited boost amid banking sector headwinds
Analysts have carefully responded to the Indonesian Central Bank’s (BI) three consecutive benchmark rate cuts in 2025 although they are broadly seen as positive signal for stock performance of banking sector players.