The policy is aimed at channeling more loans to productive sectors in line with government priorities and President Prabowo Subianto’s eight-point Astacita plan for sustainable growth.
Bank Mandiri Corporate Secretary M. Ashidiq Iswara said the funds could help grow third-party deposits while encouraging stronger lending.
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“According to Bank Mandiri’s economic team, it will support healthier liquidity conditions and improve monetary policy transmission, allowing for more optimal money circulation in the economy,” Iswara said.
Finance Minister Purbaya Yudhi Sadewa announced earlier this week that 200 trillion rupiah in government funds, previously kept at Bank Indonesia, would be reallocated to five state-owned lenders.
Bank Mandiri, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI) will each receive 55 trillion rupiah. Bank Tabungan Negara (BTN) will get 25 trillion rupiah, and Bank Syariah Indonesia (BSI) 10 trillion rupiah.
Officials said the funds must be directed to the real sector rather than invested in government bonds, ensuring the money directly supports economic activity.
The Financial Services Authority (OJK) reported that as of July, liquidity in the banking sector remained strong, with an AL/NCD ratio of 119.43 percent and an AL/DPK ratio of 27.09 percent.
The loan-to-deposit ratio stood at 86.54 percent, with bank lending up 7.03 percent year-on-year, led by corporate loans, the data showed.
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Translator: Rizka, Kenzu
Editor: Rahmad Nasution
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