Bank Indonesia’s Rp200tn Transfer to State Banks Could Lower Loan Interest, Says Finance Minister Reporter Alif Ilham Fajriadi September 16, 2025 | 09:43 am TEMPO.CO, Jakarta – Indonesian Finance Minister Purbawa Yudhi Sadewa stated that the transfer of Rp200 trillion from Bank Indonesia to the Association of State-Owned Banks (Himbara) has the potential to lower loan interest and deposit interest. This is because the banking sector has a substantial amount of funds to be utilized.According to Purbawa, the transfer of funds, previously held in the central bank, will also facilitate the banks in spending the funds to support government programs and boost the economy in the country. “There will no longer be a ‘rate war.’ Interest rates will tend to decrease,” said Purbawa in a press conference at the Presidential Palace on Monday, September 15, 2025. The transfer of the Rp 200 trillion funds was directed to five banks, namely Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). The amounts were allocated based on the size of the banks, with the government depositing Rp55 trillion in BRI, BNI, and Bank Mandiri respectively, Rp25 trillion in BTN, and Rp10 trillion in BSI. This was regulated by the Minister of Finance Decree No. 276 Year 2025. Purbawa mentioned that the chief executives of the banking sector were overwhelmed upon learning that the government had transferred Rp200 trillion from Bank Indonesia. This is because the banking industry was struggling to determine their distribution targets. “The money is already there. Now, I suspect the bank executives are puzzled about where to allocate it,” he said.The state funds deposited in these five banks are in the form of on-call conventional/sharia deposits with a non-auction mechanism. The interest rate or yield obtained by the government is 80.476% of the BI reference interest rate or BI 7-Day Reverse Repo – Rate (BI 7-DRR Rate) for Rupiah placement accounts. The current BI reference interest rate is 5%, which means the government’s yield is approximately 4.02%. Meanwhile, the placement tenure of the state funds is executed for a period of 6 months and can be extended.Purbawa emphasized that the five banks receiving government funds are required to report on the use of the state funds to the Minister of Finance and the Director-General of Treasury of the Ministry of Finance each month. “If the banks are somewhat perplexed, there will be guidance later on,” he said.Prior to this, PT Bank Negara Indonesia (Persero) Tbk or BNI pledged to optimize the government’s placement of Rp55 trillion to be disbursed as credit to productive sectors.Corporate Secretary of BNI, Okki Rushartomo, stated that the additional liquidity allocated through the policy of Finance Minister Purbawa Yudhi Sadewa will provide greater room for the company to disburse credits in line with national development agendas.”This fund placement is a form of the government’s trust in BNI. With an additional Rp55 trillion, our financing capacity will be more significant to support productive sectors,” said Okki in a written statement quoted by Antara in Jakarta on Monday, September 15, 2025.Editor’s Choice: Indonesia’s Rp200tn Fund Transfer to State Banks Yields 4% InterestClick here to get the latest news updates from Tempo on Google News Bank Indonesia’s Rp200tn Transfer to State Banks Could Lower Loan Interest, Says Finance Minister Reporter Alif Ilham Fajriadi September 16, 2025 | 09:43 am TEMPO.CO, Jakarta – Indonesian Finance Minister Purbawa Yudhi Sadewa stated that the transfer of Rp200 trillion from Bank Indonesia to the Association of State-Owned Banks (Himbara) has the potential to lower loan interest and deposit interest. This is because the banking sector has a substantial amount of funds to be utilized.According to Purbawa, the transfer of funds, previously held in the central bank, will also facilitate the banks in spending the funds to support government programs and boost the economy in the country. “There will no longer be a ‘rate war.’ Interest rates will tend to decrease,” said Purbawa in a press conference at the Presidential Palace on Monday, September 15, 2025. The transfer of the Rp 200 trillion funds was directed to five banks, namely Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). The amounts were allocated based on the size of the banks, with the government depositing Rp55 trillion in BRI, BNI, and Bank Mandiri respectively, Rp25 trillion in BTN, and Rp10 trillion in BSI. Bank Indonesia’s Rp200tn Transfer to State Banks Could Lower Loan Interest, Says Finance Minister Reporter Alif Ilham Fajriadi September 16, 2025 | 09:43 am TEMPO.CO, Jakarta – Indonesian Finance Minister Purbawa Yudhi Sadewa stated that the transfer of Rp200 trillion from Bank Indonesia to the Association of State-Owned Banks (Himbara) has the potential to lower loan interest and deposit interest. This is because the banking sector has a substantial amount of funds to be utilized.According to Purbawa, the transfer of funds, previously held in the central bank, will also facilitate the banks in spending the funds to support government programs and boost the economy in the country. “There will no longer be a ‘rate war.’ Interest rates will tend to decrease,” said Purbawa in a press conference at the Presidential Palace on Monday, September 15, 2025. The transfer of the Rp 200 trillion funds was directed to five banks, namely Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri, Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). The amounts were allocated based on the size of the banks, with the government depositing Rp55 trillion in BRI, BNI, and Bank Mandiri respectively, Rp25 trillion in BTN, and Rp10 trillion in BSI.
Source: en.tempo.co
