BBRI - CEO Says 90.4% of funds from Purbaya have been disbursed

BBRI - CEO Says 90.4% of funds from Purbaya have been disbursed Bank Rakyat Indonesia (BBRI) reported that it has disbursed 90.4% of the government's surplus budget funds (SAL) totaling IDR55 tn. "We have already realized 90.4%. Yes, it's almost finished," said BRI President Director Hery Gunardi after an investor meeting at the Central Building of the Directorate General of Taxes (DJP) on Monday, October 13, 2025. Hery stated that BRI is currently unaware whether there will be additional placement of SAL funds. "It will be given later if there is an allocation," he said. Previously, Hery said that the government's SAL funds were estimated to run out by the end of this month. He explained that currently, many micro, small, and medium enterprise (MSME) customers from the agricultural, plantation, trade, and industrial sectors are in need. Credit demand from the MSME sector, including People's Business Loans (KUR) and General Rural Credit (Kupedes), reached IDR1.2 tn to IDR1.5 tn per day. In addition, BRI has other segments, namely corporate and commercial. "So that's it, but we also have other segments, corporate, commercial, but of course, they are related to real sectors that can boost the community's economy," he concluded. (Source : Cnbc Indonesia) Comment : In all, the report showcases the operational success of BBRI in quickly deploying the stimulus funds and confirms the strong, immediate demand for credit in the MSME sector. Simultaneously, it signals a strategic pivot by the government towards regional banks for the next phase of liquidity injection. The situation also successfully highlights BBRI effectiveness as a key government partner in stimulus execution and validates the intense demand for financing among MSMEs. Simultaneously, it signals the MoF's intention to diversify its fiscal tools by strategically utilizing BPDs to achieve deeper regional economic activation in the next phase of the stimulus program. Maintain BUY BBRI GGM-based TP IDR4,470 (2.1x ‘25F P/B).