September 13, 2025 | 02:37 pm
TEMPO.CO, Jakarta - The Indonesian government has officially moved half of its funds deposited in Bank Indonesia (BI) to the accounts of five state-owned banks. Finance Minister Purbaya Yudhi Sadewa stated that the interest or return on the Rp200 trillion deposit is approximately 4 percent.
The Finance Minister is optimistic that the recipient banks will use these government funds to provide credit. "If they (the banks) don't use it, they will lose out on themselves. There is a cost of around 4 percent. If they don't distribute credits, they will have to pay the cost. They will surely think hard about disbursing the funds," Purbaya said at the Coordinating Ministry for Economic Affairs office on Friday, September 12, 2025.
The regulations regarding the interest rate on government funds in state-owned banks are stipulated in the Finance Ministerial Decree (KMK) number 276 of 2025. This decree was signed by Purbaya on September 12, 2025.
Point seven of the decree mentions that the stipulated return is an amount equivalent to 80.476 percent of the BI reference rate, also known as the BI 7-Day Reverse Repo Rate (BI 7-DRR Rate). With the current BI reference rate at 5 percent, the obtained return is 4.02 percent.
The decree also emphasizes that these state funds are deposited in commercial banks as call deposits through conventional or sharia mechanisms without an auction. The placement period for the funds is for 6 months and can be extended.
The state-owned banks receiving the funds are members of the Association of State-Owned Banks (Himbara) and include Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Tabungan Negara (BTN), Bank Negara Indonesia (BNI), and Bank Syariah Indonesia (BSI).
"We have placed Rp55 trillion in Mandiri, Rp55 trillion in BRI, Rp25 trillion in BTN, Rp55 trillion in BNI, and Rp10 trillion in BSI," said Purbaya.
In addition to generating profit from the deposit interest, the flow of funds to these state-owned banks is expected to boost the national economy. "The goal is to create liquidity in the financial system so that they are compelled to provide credit and the economy will move," Purbaya explained.
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