Indonesian Banks Boost SRBI Holdings Amid Foreign Capital Inflows

Significant Increase in SRBI Holdings

Indonesian banks have substantially increased their holdings in Bank Indonesia's (BI) Sekuritisasi Rupiah Bank Indonesia (SRBI) instruments. By November 2025, their total holdings reached Rp 618 trillion, representing the highest level since the instrument's introduction in 2023 ²

Monthly and Annual Growth

The holdings showed a 2.82% increase from the previous month and a 10.36% rise compared to the end of the previous year. This significant growth indicates banks' continued interest in SRBI instruments despite previous reductions in their holdings ²

Foreign Capital Inflows

The increase in SRBI holdings coincides with notable foreign capital inflows into Indonesia's financial markets. During the third week of December 2025, the country recorded capital inflows amounting to Rp 240 billion ¹

Breakdown of Capital Inflows

• Non-resident investors made net purchases of Rp 600 billion in the stock market
• They also invested Rp 260 billion in SRBI instruments ¹
  Source 1

  https://nasional.kontan.co.id/news/modal-asing-masuk-rp-240-miliar-pada-pekan-ketiga-desember-2025-1

Market Implications

The simultaneous increase in bank holdings of SRBI and foreign capital inflows suggests growing confidence in Indonesia's financial markets. This trend may be attributed to the attractive yields offered by SRBI instruments and the overall stability of the Indonesian economy.