New BTN Absorbs 42 Percent Of Government Funds, Purbaya: If You Don't Absorb It Quickly, It Will Be Recovered

JAKARTA - Minister of Finance Purbaya Yudhi Sadive also responded to the development of the absorption of government funds at PT Bank Tabungan Negara (Persero) Tbk (BTN).

He said that BTN reported absorption of funds of Rp. 10 trillion out of a total of Rp. 25 trillion, and the absorption process would be faster in the future, especially for a portion of Rp. 15 trillion.

"He said earlier it was still around Rp. 10 trillion, but he said it would be Rp. 15 trillion faster," he told the media crew, Monday, October 13.

However, he emphasized that if BTN was unable to absorb the funds, the government would consider diverting funds to other banks.

"If he can't absorb it, we will move it in the near future," he said.

Purbaya also said that he had not met directly with BTN management regarding this matter, but would soon make a visit to the bank with the Anagata Nusantara Power Investment Management Agency (BPI Danantara).

"I haven't met him yet, go straight to the bank, later I will come to the bank. But to my bank, not alone, yes, but with Danantara. So Danantara brought me there. Someone protested that he said it was not my right, but I am the supervisor of Danantara, the Danantara can come there," he said.

He added that the presence of Danantara during the visit was a form of direct supervision and coordination as the owner and manager of government investment funds.

Previously, PT Bank Tabungan Negara (Persero) Tbk (BTN) reported that until September 2025, the Placement of State Money (PUN) of IDR 25 trillion had been disbursed for loans amounting to IDR 10.5 trillion or around 42 percent.

President Director of BTN Nixon LP Napitupulu said that his party remains optimistic that the placement of State Money of IDR 25 trillion in BTN will be completely absorbed, in line with the company's efforts to distribute credit to productive sectors, including public housing, which is the priority and expertise of the company.

Nixon explained that the absorption of funds at BTN was still in its early stages in line with the gradual process of lending, in accordance with the scheduled credit pipeline.

BTN has prepared strong credit pipelines in various segments, ranging from corporations, commercial, MSMEs, consumers, to sharia. We can convey that the total available pipelines reach around Rp. 27.5 trillion, or greater than the PUN funds placed of Rp. 25 trillion. The pipeline is ready to get disbursement as scheduled," Nixon explained in his statement, Monday, September 13.

He explained that until September 2025, from the Rp25 trillion fund placed by the Ministry of Finance in BTN, it had been disbursed for loans amounting to Rp10.5 trillion or around 42 percent. However, only Rp4.5 trillion has been realized. The rest will be billed this October," he said.

According to Nixon, with very strong liquidity support and declining funding costs, BTN is optimistic that all government placement funds of IDR 25 trillion will be 100 percent absorbed in November 2025.

He said the funds would be channeled to productive sectors, such as construction, real estate, trade, health, and public housing financing, which is the main focus of BTN.

With this large capacity, Nixon emphasized that BTN continues to apply the principle of prudence and strict risk management so that the quality of credit distributed is maintained.

According to him, BTN is also guided by the provisions and objectives of using government funds as determined by the Ministry of Finance.

He conveyed that all distributions were carried out carefully and in accordance with the provisions and objectives of using funds from the Ministry of Finance, so that in BTN capacity it was fully ready to absorb the funds placed by the government.

Nixon said that the relatively slow absorption in the early stages was due to the majority of BTN's special portfolios, namely financing to the housing sector, especially mortgages.

In principle, Nixon stated that the KPR has a more complex process than credit in general, from the verification stage to credit approval.

He added that with the majority of its credit portfolios aimed at the retail segment or individual customers, the ceiling is automatically smaller than corporate credit for institutional customers whose ceilings are generally much larger, namely hundreds of billions to trillions of rupiah per one debtor.