Swan.my.id - Jakarta, Indonesia’s banking credit growth reached 13.56% year on year in August, bringing total lending to Rp9,178 trillion. Investment loans recorded the fastest increase among the three main loan categories, according to figures presented by the Financial Services Authority (OJK).
Investment credit grew 25.11% year on year. Working capital loans rose 11.45%, while consumer credit increased 5.07%, Dian Ediana Rae, OJK’s Chief Executive for Banking Supervision, said at a press conference on the results of the Board of Commissioners’ Monthly Meeting on October 5, 2026.
Credit growth also differed by borrower and bank ownership. Corporate lending recorded the largest increase by borrower category, while lending to micro, small and medium-sized enterprises (MSMEs) continued to grow. State-owned banks posted the strongest growth among ownership groups.
Investment credit leads banking credit growth
The August figures show investment credit growing more quickly than working capital and consumer lending. Its 25.11% annual increase was more than double the 11.45% growth in working capital credit and well above the 5.07% rise in consumer credit.
These figures distinguish the pace of growth across the three categories. They do not mean that each category contributed the same amount to total lending. The available figures identify investment credit as the fastest-growing segment, but do not provide separate loan balances for each category.
Overall, banks extended Rp9,178 trillion in credit during August, a 13.56% increase compared with the same period a year earlier. The total and the annual growth rate provide a broad picture of lending, while the category figures show where growth was strongest.
Dian delivered the figures during the October 5 press conference. Her statement set out the annual growth rates for investment, working capital and consumer credit, giving a breakdown of the main lending categories reported for the month.
Corporate lending grows faster than MSME credit
By borrower type, corporate credit recorded the largest increase, growing 22.18% year on year. MSME lending also continued to expand, although at a slower rate of 2.38%.
The two rates describe different growth speeds within the borrower categories. Corporate credit’s increase was substantially higher, while the positive MSME figure indicates that lending to small and medium-sized businesses still grew over the period.
OJK’s figures do not provide further detail on individual industries, borrower numbers or the amount of credit extended to each group. Therefore, the reported rates show the direction and pace of growth, rather than the reasons behind the differences between corporate and MSME lending.
By bank ownership, state-owned banks recorded the fastest growth, at 16.41% year on year. That was above the overall banking credit growth rate of 13.56% for August. The figures do not include growth rates for other ownership groups, so they do not establish how far state-owned banks led each of them.
OJK seeks five Islamic banks approaching BSI’s scale
Alongside the lending figures, OJK has set a goal of having five large-asset Islamic banks in Indonesia, including PT Bank Syariah Indonesia Tbk, or BSI (BRIS). Dian said the authority wants to see more Islamic banks reach a business scale approaching BSI’s.
She said work toward that goal was already under way. OJK expects the target could be achieved by 2027 at the latest, although Dian also said it might be realised in 2026.
“I want to see five banks that are at least close to BSI, and things are moving in that direction. God willing, perhaps if not in 2026, it may be achieved in 2027,” Dian said.
She made the remarks after the launch ceremony for the Roadmap for the Development and Strengthening of Indonesian Banking (RP3I) in Bali on October 2, 2026. The statement describes the intended scale and number of Islamic banks, but does not name the other banks or give details of how they may reach the target.
What the August figures show
The reported data point to several distinct patterns in bank lending. Total credit grew 13.56% year on year, investment loans led by category, corporate borrowers recorded the highest growth among borrower groups, and state-owned banks led by ownership.
At the same time, MSME credit continued to grow at 2.38%, and consumer lending rose 5.07%. OJK’s separate objective for the Islamic banking sector focuses on expanding the number of banks with a scale approaching BSI, with the authority projecting that the target may be reached in 2026 or 2027.
Together, the figures and the stated objective cover different aspects of Indonesia’s banking sector: lending growth in August and OJK’s longer-term ambition for Islamic banks. The information provided does not specify the individual institutions involved in that ambition or offer additional targets for the reported credit categories.
