Indonesia’s bank credit growth reaches 13.69% in third quarter
OJK chair Friderica Widyasari Dewi called it the strongest growth in 10 years, while Bank Indonesia separately reported September growth of 13.26%.
Indonesia’s banking sector recorded credit growth of 13.69% in the third quarter of 2026, according to Financial Services Authority (OJK) chair Friderica Widyasari Dewi. She described the pace as the highest in 10 years.
Speaking at a national coordination meeting on regional financial access at JIEXPO Convention Centre on 22 October, Friderica said banks’ third-party funds were also growing at a double-digit rate. She did not specify what had driven the increase in lending.
Friderica said the credit figures reflected Indonesia’s economic resilience despite geopolitical tensions, high interest rates and inflation. She viewed the lending expansion as an important source of support for domestic economic activity.
Separately, Bank Indonesia recorded year-on-year credit growth of 13.26% for September 2026. Investment lending rose 23.2%, working-capital loans increased 11.89% and consumer credit grew 4.86%.
At a press conference on 21 October, Bank Indonesia Deputy Governor Solikin M. Juhro said investment and working-capital lending were the main drivers, with most of that financing going to the private sector.
By industry, lending grew 14.6% in manufacturing, 15.1% in mining, 10.6% in construction and 13.4% in transport. Solikin said opportunities remained for lending to productive sectors and that corporate credit performance was improving. Bank Indonesia also assessed banking liquidity as sufficient to support further credit expansion.
