OJK Board of Commissioners Chair Mahendra Siregar shared this outlook at the 2025 Annual Meeting of the Financial Service Industry here on Tuesday, where he presented several performance projections for the financial services sector for 2025.
"Bank credits are projected to grow by 9–11 percent, supported by a 6–8 percent growth of Third Party Funds. In the capital market, fundraising is targeted at Rp220 trillion (around US$13.4 billion)," he said.
Furthermore, the OJK forecasts a 6-8 percent increase in insurance assets, a 9-11 percent rise in pension fund assets, and a 6-8 percent surge in collateral assets.
Siregar noted that the OJK will continue to review this outlook periodically to align it with the development of the national economic growth outlook.
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He assessed the importance of further strengthening policy synergy needs to maintain the performance of the financial services sector and the national economic growth target.
This is mainly to support improvements in the investment climate, encourage economic growth, and complete various derivative regulations of the Financial Sector Development and Strengthening Law (UU P2SK), focusing on maintaining financial system stability and market deepening programs.
The OJK has taken several measures of priority policies that align with the government's steps to accelerate growth.
He stated that one of the priority policies is to maximize the financial service sector's contribution to supporting the achievement of targets of the government's priority programs.
OJK's three other priority policies include developing the financial services sector for inclusive and sustainable growth, strengthening the capacity of the financial services sector and bolstering supervision, as well as increasing the effectiveness of integrity enforcement and consumer protection.
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Translator: Rizka Khaerunnisa, Raka Adji
Editor: Yuni Arisandy Sinaga
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