State Banks Disburse Over Rp 80 Trillion in Government Funds to Boost Real-Sector and Islamic Financing

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JAKARTA, Investortrust.id — Indonesia’s state-owned banks have disbursed more than Rp 80 trillion from government fund placements through the Ministry of Finance, channeling liquidity into small and medium enterprises (SMEs), housing, and the Islamic economy. The program underscores the government’s effort to stimulate real-sector productivity, create jobs, and deepen financial inclusion.

PT Bank Rakyat Indonesia Tbk, or BRI, Indonesia’s largest micro-lender, has distributed Rp 35 trillion, or about 65% of the Rp 55 trillion allocated to it. The funds have been directed mainly toward micro, small, and medium enterprises through the People’s Business Credit, General Village Credit, and micro-lending programs.

“Thank God, everything is running smoothly. The disbursement has already reached around 60 to 65 percent,” said BRI President Director Hery Gunardi at Gade Tower, Jakarta, on Wednesday, Oct. 8, 2025.

He explained that BRI’s daily lending to the productive sector ranged from Rp 1.2 trillion to Rp 1.5 trillion, focusing on agriculture, trade, plantations, and small-scale manufacturing. “The priority is always sectors that drive the real economy and community growth,” Hery said. “With this additional liquidity, we expect stronger credit growth going forward.”

He added that BRI’s nationwide network of over one million BRILink agents had amplified credit delivery and helped expand access to financial services for small businesses across Indonesia.

Labor-Intensive Industries, SMEs

Meanwhile, PT Bank Mandiri Tbk (BMRI) has disbursed Rp 34.5 trillion, or 63% of its Rp 55 trillion fund placement. The bank has prioritized financing for labor-intensive industries, export-oriented businesses, and SMEs, while also supporting strategic sectors such as plantations, food security, renewable energy, healthcare, and manufacturing.

Director of Finance and Strategy Novita Widya Anggraini said the additional liquidity had served as an important catalyst for expanding Mandiri’s intermediation capacity. “Bank Mandiri is optimistic that the entire allocation will be absorbed by the end of this year, with priority on labor-intensive industries and SMEs that sustain family livelihoods across Indonesia,” she said in a statement on Monday, Oct. 6, 2025.

Novita added that the government’s fund placement further strengthened Mandiri’s ability to finance priority sectors. “With the Rp 55 trillion placement from the Ministry of Finance, our financing capacity has become even more solid, allowing us to accelerate priority sectors and broaden financial inclusion,” she said.

Islamic Financing

In the Islamic banking sector, PT Bank Syariah Indonesia Tbk (BSI) has disbursed more than 50% of its Rp 10 trillion allocation, making it the only Islamic bank selected by the Ministry of Finance for the fund placement program.  Also, the ministry chose BSI because it is the only state-controlled bank allowed to operate in Aceh, the only Indonesian province with authority to enforce Islamic criminal law.

“It’s already above 50 percent,” said BSI President Director Anggoro Eko Cahyo during the Indonesia Sharia Economic Festival (ISEF) 2025 in Jakarta on Wednesday, Oct. 8, 2025. “We are focusing this liquidity on strengthening sharia-based financing, not only for SMEs but also for hajj, umrah, and Islamic housing,” he said as quoted by Antara newswire.

Anggoro explained that the financing also covered SMEs and businesses connected to the broader Islamic economy ecosystem, including gold installment and pawn services, hajj-related supply chains, and projects under PT Sarana Multi Infrastruktur. “Our hope is that this financing will generate direct benefits for the real economy and strengthen the Islamic financial ecosystem,” he said.

He expressed confidence that the Rp 10 trillion fund would be fully utilized before the end of the year. “It won’t take long — the funds will be fully absorbed soon,” Anggoro said. 

Others On Track

PT Bank Negara Indonesia Tbk (BBNI) also received Rp 55 trillion in government fund placements. Finance Minister Purbaya Yudhi Sadewa, during a visit to BNI’s headquarters on Sept. 29, 2025, said the bank had complied with the ministry’s directive to channel the funds into productive lending rather than foreign exchange purchases. “I checked to ensure the funds are used to support credit expansion, not to buy dollars,” Purbaya said.

Separately, PT Bank Tabungan Negara Tbk (BBTN) stated that the disbursement of its Rp 25 trillion allocation remained on track. The bank has combined the government’s liquidity placement with third-party funds from the public to expand its credit portfolio, primarily targeting the housing sector, which constitutes its core business. BTN expects full absorption by December 2025.

Together, BRI, Mandiri, and BSI have disbursed over Rp 80 trillion from the total Rp 175 trillion in government funds placed across state-owned banks this year. The remaining banks, BNI and BTN, continue to progress in line with targets. The program has strengthened domestic liquidity, stimulated credit to the real economy, and advanced both conventional and sharia banking as engines of Indonesia’s sustainable growth.