JAKARTA — PT Super Bank Indonesia Tbk. (SUPA) has highlighted a cooling trend in credit demand, even as regulators push to revitalize the nation’s banking intermediation through the National Intermediation Acceleration (Pinisi) program.
Superbank President Director Tigor M. Siahaan emphasized that credit distribution relies on a delicate balance between supply and demand. While he noted that Bank Indonesia (BI), the Financial Services Authority (OJK), and commercial banks are actively working to ensure the smooth functioning of intermediation, the demand side presents a significant hurdle.
“We must remain vigilant and closely examine the demand side. The reality is that many people are currently taking a wait-and-see approach,” Tigor remarked following the Superbank 2026 Annual General Meeting of Shareholders (AGM) in South Jakarta on Monday (April 27, 2026).
Read Also: Bank Indonesia Launches Pinisi Program to Accelerate Private Sector Financing
According to Tigor, global geopolitical conditions have forced many business owners to act with extreme caution. Companies are currently holding back, waiting for greater certainty regarding the economic landscape over the next three to six months. He noted that such hesitation is natural, as businesses are unwilling to take on excessive risks without clear, calculated forecasts.
Despite this broader trend, Superbank has managed to maintain a strong performance. The bank recorded an impressive 50% growth in credit distribution throughout 2025 and is targeting a robust growth range of 50% to 60% for the current year.
Read Also: Banking Business Plan Rules to Support Prabowo’s Programs: Insights from Superbank’s Chief
However, Tigor acknowledged that overall credit demand remains suppressed as many customers delay expansion plans due to global uncertainty. Nevertheless, the banking industry as a whole continues to show resilience. Bank Indonesia data indicates that bank credit grew by 9.49% year-on-year (YoY) in March 2026.
Read Also: Superbank (SUPA) Decides Against Dividend Payout Following First Post-IPO AGM
Tigor believes these figures prove that banking liquidity remains healthy and institutions possess sufficient capital to channel credit. Ultimately, the core issue is not a lack of banking readiness, but rather a lack of stabilization in demand from the business sector and the public.
“You simply cannot force the demand side,” Tigor concluded. “We have to observe how they assess the situation—from macro and micro perspectives to the overall economic climate.”
Summary
Superbank President Director Tigor M. Siahaan reports a cooling trend in credit demand, noting that many businesses are adopting a cautious, wait-and-see approach due to global geopolitical uncertainties. While Bank Indonesia and the OJK are actively promoting the National Intermediation Acceleration (Pinisi) program to stimulate lending, the primary challenge remains a lack of expansion appetite among potential borrowers. Consequently, businesses are delaying investment plans until there is greater clarity regarding the economic landscape over the coming months.
Despite these market headwinds, Superbank maintains a strong financial position, having achieved 50% credit growth in 2025 and projecting similar performance for the current year. Official data shows that the broader banking industry remains resilient, with credit growth reaching 9.49% year-on-year in March 2026. Industry leaders emphasize that while banks possess sufficient liquidity and capital to support lending, sustainable growth depends on the stabilization of demand from the public and the private sector.