State lenders say BI Rate 5.5 percent has not curbed loan growth
BRI, BNI, Bank Mandiri and BSI said liquidity, capital and asset quality remain strong enough to sustain lending.
State-owned lenders grouped under Himpunan Bank Milik Negara said the increase in the BI Rate to 5.5 percent has not yet slowed loan growth. BRI, BNI, Bank Mandiri and BSI said banking liquidity, capital and asset quality remain solid, allowing the intermediation function to continue despite global economic volatility. BRI Corporate Secretary Dhanny said Bank Indonesia’s move was aimed at maintaining macroeconomic stability, especially the rupiah, as global financial markets grew more volatile. BNI said it would keep distributing financing selectively and prudently while watching the effect of higher rates on loan demand. Bank Mandiri said the decision was important to support rupiah stability amid external pressure, including the Middle East conflict and foreign portfolio outflows. BSI added that its low-cost deposit structure provides room for sustainable growth.