SAL Fund Rp281 T is maintained in Himbara, Mandiri and BTN Optimistic that Credit Distribution Will Grow

JAKARTA - The government has again maintained the placement of funds of Rp. 281 trillion in banks that are members of the State-Owned Bank Association (Himbara), after previously some of the funds had been withdrawn gradually.

Of the total Rp281 trillion funds placed in national banks, around Rp110 trillion was withdrawn in June 2026. However, the government decided to maintain all of the fund placements until December 2026 as an effort to strengthen the intermediation function of banks while maintaining the momentum of credit growth.

PT Bank Mandiri (Persero) Tbk. (BMRI) welcomes the Ministry of Finance's policy regarding the placement of the Surplus Budget Balance (SAL) funds in the national banking sector.

The Company assesses that this policy contributes to strengthening the liquidity of the banking industry and improving the bank's ability to carry out intermediation functions to support economic growth.

Bank Mandiri President Director, Riduan, said the placement of SAL funds reflects the close synergy between the government and the banking sector in strengthening the resilience of the financial system while maintaining the sustainability of national economic growth.

"We are grateful for the trust of the Ministry of Finance which places SAL funds at Bank Mandiri. SAL funds are part of the ecosystem of driving the country's economy whose contributions are felt directly in supporting credit growth and community needs," he said in an official statement, quoted Tuesday, June 30.

Riduan added that collaboration between the government and banks is an important foundation in improving the effectiveness of fiscal policy while optimizing the intermediation function, especially in channeling financing to productive sectors.

"This collaboration further strengthens Bank Mandiri's commitment to continue to play its role in channeling healthy and sustainable financing to sectors that support the people's economy," he added.

Meanwhile, Bank Mandiri's Director of Finance & Strategy, Novita Widya Anggraini, said the existence of the SAL fund had a positive impact on the company's funding structure. In addition to increasing liquidity, the fund also helps reduce the cost of funds, thus opening up greater room for credit growth.

Going forward, Bank Mandiri will continue to focus on increasing third-party funds (DPK), especially through the collection of cheap funds supported by the strengthening of the service ecosystem and acceleration of digital transformation, and this strategy is expected to strengthen a stronger and more resilient funding structure.

In terms of financing, Bank Mandiri projects credit growth by the end of the year will be in line with the development of the banking industry, and credit distribution will continue to be carried out selectively by prioritizing the principle of prudence and disciplined risk management.

Novita emphasized that as a strategic partner of the government, Bank Mandiri will continue to prioritize financing to micro, small, and medium enterprises (MSMEs) which have a major contribution to the national economy.

"By prioritizing the principle of caution and maintaining asset quality in a disciplined manner, Bank Mandiri is ready to make a positive contribution in supporting the government's priority agenda," concluded Novita.

On the other hand, PT Bank Tabungan Negara (Persero) Tbk. (BTN) also received additional placement of SAL funds from the government, and the addition made the total SAL funds managed by the company increase significantly and become a strategic strengthening for the company's liquidity, as well as accelerating the distribution of credit to move the wheels of the economy.

BTN President Director, Nixon LP Napitupulu, said the additional SAL funds were a very important form of government trust to maintain the stability of banking liquidity in the midst of economic dynamics.

According to Nixon, strong liquidity will increase BTN's ability to carry out its intermediation function so that credit distribution can continue to grow and have a positive impact on the national economy.

"We would like to thank the Ministry of Finance for the trust given to BTN. The placement of this SAL fund is very important for us. This is not only strengthening the company's liquidity fundamentals, but also a stimulus for us to continue to drive the wheels of the economy through more aggressive but still measurable credit distribution," said Nixon in his statement. Tuesday, June 30.

Director of Treasury & International Banking at BTN, Venda Yuniarti, added that the additional liquidity provides a wider space for the company to increase the distribution of financing to sectors that have a multiplier effect on economic growth, especially the housing sector which is the main focus of BTN.

According to him, the SAL fund will be optimally utilized to support the real sector while maintaining economic stability through the distribution of quality credit.

"Our task is to ensure that this liquidity is effectively channeled to the real sector. We are optimistic that, with the total SAL funds available, BTN can make a real contribution to maintaining economic stability and encouraging quality credit growth," said Venda.

He emphasized that the management of SAL funds would continue to be carried out by prioritizing the principle of prudence (prudential banking).

According to him, this step aims to maintain operational efficiency in the midst of the dynamics of the money market while ensuring that the funding provided is targeted to support the national economic growth target.