BTN Completes Rp25 Trillion Government Fund Disbursement, Requests Additional Placement

Rapid Disbursement Achieved

PT Bank Tabungan Negara (BTN) has successfully disbursed the entire Rp25 trillion government fund placement allocated to them, completing the task in mid-November 2025. This achievement exceeded the initial government target of December 2025 ¹

. BTN's CEO, Nixon LP Napitupulu, confirmed that the funds were primarily channeled to the housing sector, including developers and home ownership loans.

Request for Additional Government Funds

Following the successful disbursement, BTN has expressed interest in receiving additional government fund placement. Nixon explained that this request aims to maintain the bank's credit expansion through year-end, particularly supporting the housing sector which remains active during November and December ¹

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Government Response to BTN's Request

However, Finance Minister Purbaya Yudhi Sadewa raised concerns about BTN's request for additional funds. During a press conference, Purbaya noted that BTN's disbursement rate for the initial Rp55 trillion government fund placement was the lowest among major banks, reaching only 41% ²

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Comparative Performance of Major Banks

The government's placement of Rp200 trillion in commercial banks in September 2025 was distributed as follows: Rp55 trillion each to BRI, BNI, and Mandiri, Rp25 trillion to BTN, and Rp10 trillion to BSI. As of November 2025, Mandiri and BRI had achieved 100% disbursement, BNI reached 68%, while BTN lagged behind at 41% ²

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Implications for Future Government Fund Placements

Purbaya's remarks suggest that BTN needs to demonstrate better performance in utilizing the existing funds before being considered for additional government placements. The situation highlights the government's cautious approach to distributing public funds while maintaining financial system stability.