Indonesia’s big four banks to hit 9.3% loan growth in 2026

Wholesale loans and microloans will growth during the year.

Indonesia’s four largest banks are expected to book a loan growth of 9.3% in FY2026F, according to estimates by CGS International (CGSI).

Wholesale loans are still expected to be the banks’ main growth engine in the next 12 months, according to a report in December 2025.

Loan growth is expected to improve, with CGSI observing that big banks have been “more selective” in growing their loan books due to uncertainties in macroeconomic 
conditions in the first half of 2025, and tighter-than-expected liquidity.

Microloans are expected to see loan growth during the year, on the back of government programmes that support the mass market segment and accelerated fiscal spending starting in Q4 2025.