Bank Nobu Leads Housing KUR Disbursement with Rp280 Billion
Executive Summary
Key insights and market outlook
Bank Nobu (NOBU) has become the largest distributor of Housing KUR (Kredit Usaha Rakyat), disbursing Rp280 billion by November 15, 2025. The program, launched on October 21, 2025, has seen total disbursements of Rp492.12 billion. BNI (BBNI) and BTN (BBTN) follow with Rp91.9 billion and Rp73.1 billion respectively. The government's KUR program aims to boost the housing sector with a Rp130 trillion allocation for 2025 1
Deep Dive Analysis
Bank Nobu Leads in Housing KUR Disbursement
Record Disbursement in Early Stages
Bank Nobu has emerged as the largest distributor of Housing Kredit Usaha Rakyat (KUR), with a total disbursement of Rp280 billion as of November 15, 2025. This achievement comes just weeks after the program's launch on October 21, 2025 1
Program Progress and Statistics
The Housing KUR program has seen rapid uptake, with total disbursements reaching Rp492.12 billion within the first month. The breakdown shows that the majority of funds were allocated to the supply side, totaling Rp453.18 million for 127 debtors, supporting developers, contractors, and material suppliers. The demand side received Rp38.94 billion across 118 debtors, primarily for home purchases 2
Government Initiatives and Targets
The Indonesian government has allocated Rp130 trillion for the Housing KUR program in 2025, aiming to stimulate the property sector. Minister Maruarar Sirait expressed optimism about achieving this target through continued socialization and collaboration with financial institutions. The significant participation of private banks like Bank Nobu demonstrates the program's potential 1
Source References
Story Info
Topics Covered
Key Events
KUR Housing Program Launch
Record Bank Disbursement