Purbaya Hasn't Interested In Transferring State Funds To Private Banks: They Have A Lot Of Money

Minister of Finance Purbaya Yudhi Sadive (Photo: Theresia Agatha/VOI)

JAKARTA - Minister of Finance (Menkeu) Purbaya Yudhi Sadive emphasized that he was not interested in transferring Rp200 trillion from Himbara banks to private banks.

According to him, private banks are already financially strong. He gave an example of Bank Central Asia (BCA) which has large liquidity.

"BCA already has a lot of money. We haven't thought about it yet. Later, right, automatically if the money is in the bank, it will spread indirectly to private banks as well, to the economic system," said Purbaya when met after the Investor Daily Summit 2025 event entitled "New Economic Order" at the Jakarta Convention Center, Thursday, October 9.

Purbaya assessed that the policy of placing funds in Himbara banks had already shown results. Bicycles, liquidity increased, interest rates fell and the economy moved.

"Right, I see that now the liquidity of the economy is increasing and the overall market interest is decreasing. That is the impact of my policies. Lowering, increasing liquidity, suppressing interest and driving the economy," he said.

In addition, Purbaya said that he was preparing a new plan to divert funds from being absorbed by Himbara banks to regional-owned banks. Some of them are Regional Development Banks (BPD) DKI, Bank Jakarta and banks in East Java.

"Maybe that's my top priority, why? Because their backing is strong, so nothing will happen," he concluded.

For your information, Minister of Finance Purbaya officially issued regulations for placing government cash funds that had not been used worth Rp200 trillion to five national banks.

This provision is contained in the Decree of the Minister of Finance (KMK) Number 276 of 2025 concerning Placement of State Money in the Context of Managing Excess and Lack of Cash to Support the Implementation of Government Programs and Encouraging Economic Growth, which was signed on Friday, September 12, 2025.

"That to carry out the management of the central government's excess cash, the Minister of Finance is in accordance with its authority as the state's general treasurer to place state money from the government treasury in Bank Indonesia," quoted from the considering section of KMK 276/2025.

In the KMK, it is explained that the funds are placed in five partner banks, namely PT Bank Rakyat Indonesia (Persero) Tbk; PT Bank Negara Indonesia (Persero) Tbk; PT Bank Mandiri (Persero) Tbk; PT Bank Tabungan Negara (Persero) Tbk; and PT Bank Syariah Indonesia Tbk.

As for the second dictum of KMK 276/2025, it is stated that the placement of state money worth Rp200 trillion in the first phase, distribution is carried out in stages with the Mitra Kerja limit at each Partner Commercial Bank, namely BRI, BNI and Mandiri, each receiving Rp55 trillion, BTN worth Rp25 trillion and BSI Rp10 trillion.