Rancak Media – , JAKARTA – Bank Indonesia (BI) has recorded a significant disbursement of macroprudential liquidity incentives, totaling an impressive IDR 388.1 trillion by December 2025. This strategic injection of liquidity aims to vigorously stimulate banking credit and financing growth across Indonesia, underpinning broader economic expansion.
These vital incentives have been carefully channeled to various banking segments, including State-Owned Banks (BUMN), National Private Commercial Banks (BUSN), Regional Development Banks (BPD), and Foreign Bank Branch Offices (KCBA), ensuring comprehensive support for the financial sector.
During the Monthly Board of Governors Meeting (RDG) Press Conference in December 2025, held on Wednesday, December 17, 2025, BI Governor Perry Warjiyo officially confirmed the substantial sum. “As of December 16, 2025, the total macroprudential liquidity incentives reached IDR 388.1 trillion,” Governor Warjiyo stated, highlighting the monetary authority’s ongoing commitment to financial stability and growth.
A detailed breakdown reveals the precise allocation to each banking group: IDR 177.1 trillion was directed to BUMN banks, while BUSN banks received IDR 169.5 trillion. Regional Development Banks (BPD) were allocated IDR 34.6 trillion, and Foreign Bank Branch Offices (KCBA) secured IDR 7.0 trillion, reflecting a targeted approach to liquidity distribution.
Furthermore, these macroprudential liquidity incentives have been strategically channeled into priority sectors crucial for national development. These include Agriculture, Industry and Downstreaming, Services (encompassing the Creative Economy), Construction, Real Estate, and Housing. Special emphasis has also been placed on fostering growth in Micro, Small, and Medium Enterprises (MSMEs), Cooperatives, financial Inclusion, and sustainable economic activities.
Looking ahead, Governor Perry Warjiyo expressed optimism that a more effective transmission of interest rates will significantly bolster credit demand. This, in turn, is expected to drive higher banking credit disbursement, providing robust support for sustainable economic growth across the archipelago.
In a parallel move, the monetary authority has reinforced the implementation of its performance-based and forward-looking macroprudential liquidity incentives (KLM), with these enhanced measures becoming effective on December 1, 2025. This strengthening underscores BI’s proactive stance in adapting its policies to prevailing economic conditions.
Governor Perry further elaborated that the monetary authority has introduced a new incentive policy specifically designed to accelerate the reduction of credit and financing interest rates. This crucial policy adjustment officially came into effect on December 16, 2025, signaling BI’s determination to make borrowing more affordable and accessible.
The reinforced implementation of KLM, effective December 16, 2025, includes maintaining the maximum KLM incentive at 5.5% of Third-Party Funds (DPK). This consistency provides a stable framework for banks while other adjustments are made.
Significantly, the incentive amount derived from credit and financing disbursements to specific Bank Indonesia-designated sectors, known as the lending channel, has been adjusted. It will now be a maximum of 4.5%, down from the previous maximum of 5%. This recalibration aims for a more focused impact on key lending areas.
Lastly, the incentive amount linked to the setting of credit interest rates and financing reward percentages, aligning with Bank Indonesia’s policy interest rate direction (the interest rate channel), has been adjusted upwards. It will now be a maximum of 1.0%, increasing from the previous maximum of 0.5%. This adjustment is intended to encourage banks to more closely align their lending rates with BI’s policy signals, fostering more effective monetary policy transmission.
