OJK Assures Minimal Impact from SAL Fund Withdrawal

Banking Liquidity Remains Robust

The Financial Services Authority (OJK) has confirmed that the recent withdrawal of Rp75 trillion from the Saldo Anggaran Lebih (SAL) funds held in state-owned banks will not have a significant impact on the banking sector's liquidity. The decision to withdraw the funds was made by Finance Minister Purbaya Yudhi Sadewa, citing suboptimal utilization of these funds at the end of 2025.

Key Liquidity Indicators

OJK cited several key indicators to support their assessment:

• Liquidity Coverage Ratio (LCR) stands at 210.38%
• Loan Deposit Ratio (LDR) at 83.99%

These metrics indicate that the banking system maintains ample liquidity, supporting OJK's position that the withdrawal won't cause significant disruption. Dian Ediana Rae, OJK's Executive Head of Banking Supervision, emphasized that the current liquidity conditions in the banking sector remain comfortable.

Market Context and Implications

The withdrawal decision was made despite the funds being placed in state-owned banks at the end of 2025. The finance minister's rationale centered around the suboptimal use of these funds. The OJK's assurance comes as a reassurance to market participants who were monitoring the potential impact of such a significant withdrawal on banking stability and liquidity.