Executive Summary

Key insights and market outlook

Major Indonesian banks including BRI, BSI, and BPD DIY have significantly increased their disbursement of Kredit Usaha Rakyat (KUR) loans to Micro, Small, and Medium Enterprises (MSMEs) throughout 2025. BRI leads with Rp 163.38 trillion disbursed to 3.5 million debtors by November 2025, while BSI has distributed Rp 11.17 trillion to over 83,000 MSMEs. BPD DIY has also shown growth with KUR disbursement reaching Rp 2.171 trillion, an 8.67% annual increase.

Full Analysis

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Deep Dive Analysis

Indonesian Banking Sector Strengthens MSME Support through KUR

Significant Growth in KUR Disbursement

Indonesian banks have demonstrated strong commitment to supporting Micro, Small, and Medium Enterprises (MSMEs) through the Kredit Usaha Rakyat (KUR) program in 2025. PT Bank Rakyat Indonesia Tbk (BBRI) has taken the lead by disbursing Rp 163.38 trillion to 3.5 million debtors by November 2025, achieving 92.3% of its total KUR allocation for the year ³

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Diverse Banking Participation

The KUR program has seen participation from various banks across different segments. PT Bank Syariah Indonesia Tbk (BSI) has distributed Rp 11.17 trillion to over 83,000 MSMEs, reaching 65.7% of its total KUR allocation for 2025 ²

. Bank Pembangunan Daerah Daerah Istimewa Yogyakarta (BPD DIY) has also reported positive growth, with its KUR disbursement reaching Rp 2.171 trillion, representing an 8.67% annual increase compared to the previous year ¹.

Economic Impact and Future Prospects

The increased KUR disbursement reflects the banking sector's commitment to supporting MSMEs, which are crucial for Indonesia's economic growth. The government's subsidized credit program continues to attract high demand due to the ongoing capital needs of MSMEs. As the year concludes, these efforts are expected to have a positive impact on the national economy by strengthening the MSME sector.

References