TLDR
- Indonesia’s commercial bank loans grew 13.65% in August 2026, reaching Rp9,178 trillion, or about $577.23 billion.
- Long-term investment loans grew the fastest, rising 25.11% from a year earlier.
- The OJK ordered banks to freeze about 38,796 accounts suspected of links to illegal online gambling.
- Net interest margin fell to 4.31% from 4.58% due to higher funding costs.
- Asset quality held steady, with a gross non-performing loan ratio of 2.11%.
Indonesia’s commercial banks grew their loans by 13.65% in August 2026, according to the country’s Financial Services Authority, known as OJK. Total outstanding loans reached Rp9,178 trillion, or about $577.23 billion.
The figures were shared by Dian Ediana Rae, the OJK’s Chief Executive of Banking Supervision. He spoke at the regulator’s monthly Board of Commissioners press conference on October 5.
The update also covered a new order targeting bank accounts linked to illegal online gambling. Banks have been told to freeze thousands of these accounts.
Investment Loans Drive Credit Growth
Long-term investment loans grew the fastest, rising 25.11% from a year earlier. Working capital loans rose 11.45%, while consumer credit increased 5.07%.
State-owned banks led the increase, with their loans up 16.41% year over year. Among borrowers, the corporate sector grew the most, with its loan portfolio rising 22.18%.
The data showed companies continued to borrow for business expansion, infrastructure and industrial projects. Lending to micro, small and medium enterprises grew at a slower pace of 2.38%.
Digital consumer credit also kept growing. Bank-issued buy now, pay later (BNPL) receivables rose 29.10% year over year to Rp31.41 trillion, or $1.98 billion, across 34 million registered user accounts.
Deposits grew as well. Third-party deposits rose 10.94% year over year to Rp10,413 trillion, or $654.91 billion, with time deposits up 13.10%.
The ratio of liquid assets to non-core deposits stood at 102.31%. The liquid assets-to-deposits ratio was 23.04%, which stayed above the required minimum.
Banks did see some pressure on profits. The net interest margin fell to 4.31% in August from 4.58% a year earlier.
Dian said the drop came from higher funding costs and the delayed effect of the central bank’s 5.75% benchmark rate. He said banks did not pass the full cost of higher rates on to customers and businesses.
Asset quality stayed steady. The gross non-performing loan ratio was 2.11%, and the net ratio was 0.84%. Loans at risk stood at 8.56%, and return on assets was 2.43%.
OJK Orders Freeze on Gambling Accounts
OJK has told commercial banks to apply enhanced due diligence to accounts suspected of being used for illegal online gambling. Banks were ordered to freeze about 38,796 accounts.
That list grew from 38,379 accounts flagged in earlier reporting periods. The new information came from the Ministry of Communication and Digital Affairs, known as Komdigi.
Banks must cross-check the National Identity Numbers, or NIK, of account holders. If the review finds other accounts tied to the same people, banks were told to close those as well.
Dian said banks must trace beneficial ownership networks. This is meant to stop suspected gambling operations from getting around controls by using secondary accounts.
The regulator said the freeze is part of its effort to fight money laundering and illegal online gambling in the banking system. OJK said it is coordinating with relevant authorities as it reviews information on the linked accounts.
