Banking - Purbaya's subordinates reveal bank reports after receiving IDR200 tn in funds

Banking - Purbaya's subordinates reveal bank reports after receiving IDR200 tn in funds The State-Owned Banks Association (Himbara) has been actively disbursing credit as a continuation of the government's placement of IDR200 tn in funds into productive sectors, thereby boosting credit growth. The Director General of Economic and Fiscal Strategy (DJSEF) at the Ministry of Finance, Febrio Nathan Kacaribu, stated that each bank has reported the realization of government fund placement distribution as of October 9, 2025. The fastest realization of government fund placement distribution occurred at Bank Mandiri, with 74% of the allocated Rp 55 trillion being disbursed. Second, BRI disbursed 62% of its IDR55 tn allocation. The third in line is BNI, with 50% of their allocation of IDR55 tn already disbursed. Then, BSI has disbursed 55% of their allocation of IDR10 tn. Finally, there is BTN, which has only reported a 19% utilization rate of government funds from their allocation of IDR25 tn. The majority of business sectors receiving financing from banks as a result of the government's placement of idle funds at BI, according to Febrio, are the housing sector, the construction sector, and the agricultural sector. (Source : Cnbc Indonesia) Comment : The government's liquidity injection policy appears to be gaining momentum and effectiveness. The high utilization rates by major banks (Mandiri, BRI) demonstrate their capability and willingness to channel the funds into the real sector, primarily in key economic drivers like housing, construction, and agriculture. The policy has not only boosted credit disbursement but has also fundamentally shifted the banking sector's initial skepticism towards a high demand for additional government support, making the targeted 10% credit growth a plausible goal. Maintain OW stance.