Financial Services Sector Stability Maintained Until October 2025

JAKARTA - The Financial Services Authority (OJK) stated that the stability of the national financial services sector is still maintained until October 2025.

Chairman of the OJK Board of Commissioners Mahendra Siregar said the development of global and domestic conditions showed a positive direction for the Indonesian economy and financial sector.

"The OJK Monthly Board of Commissioners meeting on October 29, 2025 assessed that the stability of the financial services sector is maintained," he said at a press conference at the OJK Board of Commissioners Meeting, Friday, November 7.

Mahendra explained that various global economic indicators show a slowdown in activities in a number of areas.

However, he conveyed that the IMF through the October 2025 edition of the World Economic Outlook actually revised the increase in the projected world economic growth, as international trade agreements were reached and global monetary policies were increasingly accommodative.

"In the United States, the labor market is starting to get depressed. Furthermore, government shutdown and the default of several companies that are of market concern," he said.

Meanwhile, he said that the US Central Bank or the Fed is expected to take looser steps by lowering the benchmark interest rate. In addition, in China, a number of key indicators on the demand side are recorded to be lower than market estimates.

"Economic growth in the third quarter slowed down with household consumption which is still restrained, indicating that domestic consumption is still weak in the Chinese economy. Retail sales and activities in the property sector also recorded a slowdown," he said.

Mahendra said that for domestic conditions, the Indonesian economy is considered to remain solid, where economic growth in the third quarter of 2025 reached 5.04 percent, while the Manufacturing PMI Index was still in the expansion zone.

However, he stated that the OJK is still watching developments in domestic demand which still requires additional support, especially in the midst of core inflation moderation, consumer confidence levels, as well as retail, cement and vehicle sales.

Mahendra menegaskan, OJK berkomitmen untuk terus memperkuat kontribusi sektor jasa keuangan dalam mendorong pertumbuhan ekonomi nasional, salah satunya melalui perluasan akses pembiayaan.

"Dalam hal ini, Sistem Layanan Informasi Keuangan (SLIK) berfungsi sebagai sumber informasi netral mengenai status pemberian kredit, bukan sebagai satu-satunya acuan dalam penilaian kelayakan pembiayaan. Penilaian tersebut tetap perlu mempertimbangkan faktor lain seperti karakter, mentalitas, arus kas, serta kapasitas pembayaran di masa mendatang dalam penilaian penyaluran kredit dan pembiayaannya," jelasnya.

Dengan demikian, ia menyampaikan, SLIK tidak dimaksudkan menjadi hambatan dalam penyaluran kredit bagi pihak yang memiliki kualitas kredit di luar kategori tertentu.

Mahendra emphasized that OJK is committed to continuing to strengthen the contribution of the financial services sector in encouraging national economic growth, one of which is through expanding access to financing.

"In this case, the Financial Information Service System (SLIK) functions as a source of neutral information regarding the status of lending, not as the only reference in assessing the feasibility of financing. This assessment still needs to consider other factors such as character, mentality, cash flow, and future payment capacity in the assessment of lending and financing," he explained.

Thus, he said, SLIK is not intended to be an obstacle in lending for parties who have credit quality outside certain categories.