Syndicated Loan Market Shows Signs of Stabilization in Late 2025

Recovery Indicators in Syndicated Lending

The syndicated loan market in Indonesia is showing signs of recovery as 2025 comes to a close. According to Bloomberg data as of November 27, 2025, total syndicated loan agreements arranged by Mandated Lead Arrangers reached US$ 21.93 billion, representing a 12.2% YoY decline. However, a closer examination reveals a more nuanced picture of the market's performance throughout the year.

Half-Year Comparison Shows Improving Trend

The data indicates that while syndicated loan disbursements in the first half of 2025 totaled US$ 10.02 billion, representing a 6.5% YoY decrease, the second half of the year has seen a significant improvement. In the period from July to November 2025, syndicated loans reached US$ 13.59 billion, with a reduced decline of only 4.6% YoY. This narrowing of the decline suggests that the syndicated loan market is gradually stabilizing.

Market Outlook and Implications

The improving trend in the second half of 2025 provides optimism for the syndicated loan market. As major banks continue to arrange significant deals, the overall activity is expected to remain robust despite the initial year's decline. The gradual recovery indicates that corporate financing needs are being met through syndicated lending, maintaining its importance in Indonesia's financial landscape.