Jakarta – Bank Indonesia (BI) recorded a national banking external debt (ULN) of USD33.94 billion until May 2025. This figure is lower than the previous month which amounted to USD34.22 billion.
Based on the July 2025 edition of the Indonesian Foreign Debt Statistics (SULNI) book, the largest bank external debt came from national private banks reaching USD20.88 billion or IDR339.92 trillion (assuming an exchange rate of IDR16,280/USD). Then, the external debt of state-owned banks totaling USD7.14 billion or around IDR116.23 trillion.
Then, foreign private banks have foreign currency debt worth USD317 million or around IDR5.16 trillion, and mixed private banks recorded external debt worth USD5.59 billion or equivalent to IDR91.00 trillion.
Meanwhile, private external debt continued to contract growth. In May 2025, the position of private external debt was recorded at USD196.4 billion, or contracted by 0.9 percent on an annual basis (year on year / yoy), greater than the previous month’s contraction of 0.4 percent yoy.
“This development originated from the external debt of financial institutions which recorded a slowdown in growth from the previous month of 2.8 percent to 1.2 percent in May 2025, and the external debt of nonfinancial corporations which recorded a contraction in growth of 1.4 percent yoy, greater than the contraction of 1.2 percent yoy in April 2025,” said Ramdan Denny Prakoso, Head of the BI Communication Department quoted on Tuesday, July 15, 2025.
As is known, BI gave its blessing to the banking industry to obtain funding sources from external debt, along with limited sources of funds from domestic sources.
The policy taken by BI is to increase the Bank’s Foreign Funding Ratio (RPLN) from a maximum of 30 percent to 35 percent of bank capital effective June 1, 2025. (*)
Editor: Galih Pratama
