The Ministry Of Finance Is Optimistic That Credit Growth Reaches 10 Percent Thanks To The Placement Of Funds Of IDR 200 Trillion

Director General of Economic and Fiscal Strategy of the Ministry of Finance Febrio Kacaribu. (Photo: Doc. VOI)

BOGOR - The Ministry of Finance (Kemenkeu) is optimistic that the placement of funds of Rp200 trillion in the banking sector will encourage national credit growth to reach 10 percent by the end of 2025.

The Ministry of Finance (Kemenkeu) believes that the placement of IDR 200 trillion in funds in banks will help spur credit growth to reach 10 percent by the end of 2025.

Director General of Economic and Fiscal Strategy of the Ministry of Finance Febrio Kacaribu said that this policy is expected to be able to move the real sector and accelerate the pace of economic growth, especially in the fourth quarter of 2025.

"We hope that by the end of 2025 it can go to 10 percent so that it will be quite real later on working capital credit, consumption credit, investment credit, and part of it will directly have an impact on the performance of economic growth in the fourth quarter of 2025," he said at the 2026 State Budget Completion, Thursday, October 9.

Based on data from Bank Indonesia (BI), as of August 2025 credit growth was recorded at 7.56 percent, an increase compared to the previous month which was only 7.03 percent.

The placement of government funds to banks began on September 12, 2025, and was channeled to five banks, namely four state-owned banks (Himbara) and one sharia bank, with details, namely Bank Rakyat Indonesia (BRI) Rp55 trillion, Bank Negara Indonesia (BNI) Rp55 trillion, Bank Mandiri Rp55 trillion, State Savings Bank (BTN) Rp25 trillion and Bank Syariah Indonesia (BSI) Rp10 trillion.

Based on data from the Ministry of Finance as of October 9, 2025, the realization of the placement of government funds in five Himbara banks shows a positive trend, namely Bank Mandiri has utilized around 74 percent or Rp40.7 trillion of the total Rp55 trillion fund.

Meanwhile, BRI has disbursed around 62 percent or IDR 34.1 trillion of total funds of IDR 55 trillion, BNI reaches 50 percent or IDR 27.5 trillion, Bank BTN disburses around 19 percent or IDR 4.75 trillion, and BSI reaches 55 percent or around IDR 5.5 trillion from the placement of funds of IDR 10 trillion.

Overall, the funds that have been disbursed to the real sector are estimated at IDR 112.5 trillion.

According to Febrio, this scheme not only provides cheap funds for banks, but also encourages lending to the productive sector.

"We hope this will continue, because it doesn't just move the cash, but the interest is cheaper, so they will prioritize using this money to be channeled to the real sector," he said.

Furthermore, he explained, the placement of these funds also had an impact on increasing the circulation of primary money (M0) in the community.

Based on BI data, M0 in September 2025 grew 18.6 percent (yoy), a significant increase from 7.3 percent (yoy) in August, with a total of IDR 2,152.4 trillion.

"With the placement of IDR 200 trillion in banking, the growth of the M0 will immediately increase in September 2025. We hope that it will become an economic activity because lending will be faster by the end of the year," he said.

Febrio menyampaikan skema penempatan dana pemerintah ini mengikuti mekanisme remunerasi di Bank Indonesia, yaitu sebesar 80 persen dari suku bunga kebijakan BI, dengan suku bunga acuan saat ini berada di 4,75 persen, maka bunga yang diberikan atas penempatan dana pemerintah berkisar di angka 3,8 persen per tahun.

“Bunga yang kita berikan sama dengan remunerasi pemerintah di BI, yaitu 80 persen dari suku bunga kebijakan. Dengan suku bunga acuan terakhir, itu sekitar 3,8 persen lebih murah dibandingkan cost of fund perbankan,” katanya.

Febrio conveyed that the government fund placement scheme follows the remuneration mechanism in Bank Indonesia, which is 80 percent of the BI policy interest rate, with the benchmark interest rate currently at 4.75 percent, so the interest rate given for the placement of government funds is around 3.8 percent per year.

The flower we provide is the same as the government's remuneration in BI, which is 80 percent of the policy interest rate. With the last benchmark interest rate, it's about 3.8 percent cheaper than the cost of funds in banking," he said.