Bank Indonesia reported bank credit growth of 13.26 percent in September 2026, the highest in the last 10 years. The central bank also announced a staged cut to reserve requirements and changes to its macroprudential liquidity incentives, effective in November and December.
Credit growth broadens
Private-sector credit, not linked to government programs, contributed 11 percentage points to total credit growth. Government-program credit added about 2 percentage points.
Mal Isnaini Sri Meyyanti, head of the macroprudential policy department at Bank Indonesia, said credit expansion amid global economic turmoil reflected solid domestic economic resilience. Businesses were seizing opportunities from growth in non-oil and gas exports, she said, and the central bank aims to keep that momentum going.
Reserve requirements step down
The reserve requirement for conventional commercial banks falls from 9 percent. It moves to 8 percent from 1 November 2026 and to 7 percent from 1 December 2026.
For sharia commercial banks and sharia business units, the requirement drops from 7.5 percent. It steps to 6.5 percent in November and 5.5 percent in December.
Liquidity incentives reshaped
The macroprudential liquidity incentive rate is cut from 6 percent to 5 percent, effective 1 December 2026. The maximum share of rupiah reserve requirements remunerated is also set at 5 percent from that date.
The financing channel incentive is reduced from 4 percent to 3 percent of third-party funds. The money market deepening incentive has a maximum of 2 percent.
Priority sectors for the incentives include agriculture, industry and downstreaming, and construction, real estate and housing. Micro, small and medium enterprises, cooperatives and sustainability projects are also covered.
Related: Bank Indonesia cuts reserve requirements, rate held at 5.75% · Bank Indonesia holds BI Rate at 5.75%, raises deposit rate to 5%
Source: Bank Indonesia
