Indonesian Banking Sector Strengthens SBN Holdings in Liquidity Management

Strategic Investment in Government Securities

Indonesian banks are strategically increasing their investments in Government Securities (SBN) as part of their liquidity management framework. As of January 8, 2026, total bank holdings in SBN reached Rp1,397.68 trillion, showing an increase from Rp1,326.33 trillion just six days earlier on January 2, 2026 ¹

. This investment surge reflects the banking sector's approach to managing liquidity while supporting national financing needs.

Bank Central Asia's Liquidity Management Strategy

PT Bank Central Asia Tbk (BBCA) is maintaining a balanced approach to liquidity management. As of November 2025, BCA's credit portfolio stood at Rp921 trillion, demonstrating healthy growth. Simultaneously, the bank's investment in securities reached Rp436 trillion, with the majority allocated to government bonds ¹

. BCA's EVP of Corporate Communication, Hera F. Haryn, emphasized that the bank continues to prioritize its role as a financial intermediary while managing liquidity prudently.

Industry-Wide Liquidity Trends

The banking sector's increased investment in SBN is part of a broader liquidity management strategy across Indonesia's financial institutions. Bank Indonesia's data shows that banks' holdings in Bank Indonesia Rupiah Securities (SRBI) reached Rp618 trillion as of November 2025. Moreover, undisbursed loans stood at Rp2,509.4 trillion, equivalent to 23.18% of total available credit facilities, indicating substantial liquidity available for future lending ²

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Strategic Implications

The banking sector's strategy to balance credit growth with investment in government securities reflects a cautious approach to liquidity management. While credit growth remains robust, with BCA's loans reaching Rp921 trillion, the allocation of significant funds to SBN and other securities demonstrates a commitment to prudent financial management. This dual approach allows banks to support economic growth while maintaining liquidity buffers.