Bank Mandiri Disburses 74% of Government Funds, Finance Ministry: "Quite Promising"

October 9, 2025 | 05:03 pm

TEMPO.CO, Jakarta - The Ministry of Finance reported that Bank Mandiri recorded the highest absorption among the five state-owned banks receiving Rp200 trillion injection from Bank Indonesia.

"Since we transferred the government funds from Bank Indonesia amounting to Rp200 trillion to the banks, the realization is quite promising," said Director General of Economic and Fiscal Strategy at the Ministry of Finance, Febrio Kacaribu, during a media briefing at the Directorate General of Taxation office, Jakarta, on October 9, 2025.

The government funds were allocated as follows: Rp55 trillion for Bank Mandiri, Rp55 trillion for BNI, Rp55 trillion for BRI, Rp25 trillion for BTN, and Rp10 trillion for Bank Syariah Indonesia (BSI). Thus far, Febrio said Bank Mandiri has disbursed 74 percent, followed by BRI 62 percent, BNI 50 percent, BSI 55 percent, and BTN 19 percent.

"The majority of these funds are channeled into the housing, construction, and agriculture sectors. Hopefully, this will continue to advance until the end of the year," Febrio said.

According to him, the initiative is aimed at strengthening banking liquidity while also driving credit growth in the real sector. Febrio estimates that national credit growth could reach double digits by the end of 2025.

"If in August the credit growth was still at 7 percent, by the end of this year, we hope to reach 10 percent. The impact will be felt in working capital, consumption, and investment credit, which will ultimately contribute to the fourth-quarter GDP growth," he said.

In addition to the Himbara banks, Febrio revealed that several Regional Development Banks (BPD) also showed interest in participating in disbursing government funds. Three of them are Bank Jatim, Bank DKI, and Bank BJB.

"Many were doubtful when the idea to inject Rp200 trillion was first emerging, but now that it yields positive results, even regional banks want to participate," said Febrio.

He added that this policy benefits both parties. For the government, placing funds in banks is as secure as the central bank, but more productive as it is directly distributed to the real sector. "For banks, these funds are attractive because of their low liquidity. For the government, it is equally secure, but the benefits are greater for the economy," he said.

Earlier, Minister of Finance Purbaya Yudhi Sadewa stated that the government placed Rp200 trillion in cash funds in five state-owned banks to strengthen economic financing. He emphasized that the funds must be used for productive sectors.

Meanwhile, Bank Mandiri reported that it had disbursed Rp34.5 trillion, or 63 percent of government funds, by the end of September 2025. The funds were focused on supporting labor-intensive export-oriented industries and the MSME sector.

"Bank Mandiri is optimistic that it can fully absorb the fund placement up to 100 percent by the end of this year, with priorities on sectors supporting household economies in various regions of Indonesia," said Novita Widya Anggraini, Director of Finance & Strategy at Bank Mandiri, in an official statement on October 6.

Anastasya Lavenia Yudi and Hana Septiana contributed to writing this article

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