Executive Summary

Key insights and market outlook

Indonesian banks are considering reducing their holdings in Bank Indonesia's Rupiah Securitization (SRBI) as credit demand is expected to recover this year. As of November 2025, banks' SRBI holdings reached Rp 618 trillion, representing 85.5% of total SRBI outstanding. The shift is driven by higher profitability of credit disbursement compared to short-term liquidity instruments ¹

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Full Analysis

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Deep Dive Analysis

Indonesian Banks Reduce SRBI Holdings, Focus on Credit Disbursement

Shift in Banking Strategy

Indonesian banks are strategically reducing their holdings in Bank Indonesia's Rupiah Securitization (SRBI) instruments as they anticipate a recovery in credit demand during the year. As of November 2025, banks' total SRBI holdings stood at Rp 618 trillion, marking the highest level since the instrument's introduction in 2023 ¹

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Key Drivers of the Shift

Profitability: Credit disbursement is becoming more attractive due to its higher returns compared to short-term liquidity instruments like SRBI.
Market Dynamics: The total outstanding SRBI has decreased by approximately Rp 200 trillion, concentrating bank holdings to 85.5% of the remaining amount.
Comparative Analysis: This concentration represents a significant increase from November 2024, when bank holdings were at 62.08% ¹
Source 1
https://keuangan.kontan.co.id/news/bank-mulai-kurangi-penempatan-di-srbi-fokus-dorong-penyaluran-kredit
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Implications for Banking Sector

The shift is expected to boost lending activity and potentially stimulate economic growth. Banks are likely to focus more on credit assessment and risk management as they increase their loan disbursement.

References