Finance Minister Urges BUMN Banks to Use State Funds for Credit

Finance Minister Purbaya Yudhi Sadewa announced on Monday, 3 November 2025, that state‑owned banks receiving government fund placements must comply with usage rules.

He clarified that the Rp200 trillion placed in five BUMN banks should be channeled into business loans, not used to buy SBN or foreign exchange, and violations may trigger tax penalties through Danantara, the BUMN holding. Purbaya also noted his role as a member of Danantara’s supervisory board, which allows strong input to the banks.

The directive reinforces government oversight of public funds, aims to direct state capital toward productive lending, and signals stricter enforcement against improper fund placement.