Bank Mandiri responds to addition of SAL funds

Bank Mandiri has welcomed the Ministry of Finance's decision to increase the placement of State Budget Balances (SAL) funds in state-owned banks, a move aimed at strengthening financial sector resilience and optimizing economic intermediation.

Riduan, the President Director of PT Bank Mandiri (Persero) Tbk, stated that the SAL fund placement demonstrates strong synergy between the government and the banking sector. He noted that this policy positively contributes to bolstering banking liquidity and enhancing the efficiency of credit distribution. Novita Widya Anggraini, Bank Mandiri's Director of Finance & Strategy, added that the SAL funds have a measurable positive impact on funding structures, including reducing funding costs, which directly expands the capacity for credit penyaluran.

The Ministry of Finance, under Minister Purbaya Yudhi Sadewa, has increased the total SAL placement in banks belonging to the State-Owned Banks Association (Himbara) to Rp 400 trillion. This follows a gradual withdrawal of SAL funds by the ministry over the preceding two weeks. Purbaya explained that the additional funds include Rp 200 trillion for long-term placement, Rp 100 trillion for 3-4 month terms, and another Rp 100 trillion in flexible funds. He asserted that this placement was made under the directive of President Prabowo Subianto to ensure banks maintain adequate liquidity and the economy continues to function smoothly.