Regulation Watch · Business Licensing · Indonesia. The regulation applies nationally to conventional commercial banks, including Indonesian branches of banks domiciled overseas, Islamic commercial banks and Islamic business units. Ordinary PT PMA and PT PMDN companies do not themselves owe the RPIM obligation, but a qualifying non-UMKM company may participate as a supply-chain borrower or programme counterparty when the financing supports an inclusive sector or national-priority programme under Bank Indonesia criteria.
BI Expands Banks' Inclusive-Financing Options
PBI 7/2026 expands the financing that banks may count toward their inclusive-financing ratio, including qualifying non-UMKM supply chains and interbank structures, and introduces contractual transfers of RPIM fulfilment rights.
- Published
- Established in Jakarta on 29 September 2026 and promulgated on 30 September 2026. It was first recorded by Regulation Watch on 10 October 2026 after Bank Indonesia's official page was updated on 8 October 2026.
- Effective
- 1 October 2026, as specified by Article II.
- Added to Watch
- 10 October 2026
Who is affected
Conventional commercial banks, including Indonesian branches of foreign banks; Islamic commercial banks and Islamic business units; bank shareholders, directors and compliance, credit, treasury, finance and reporting teams; PT PMA and PT PMDN non-UMKM companies that anchor supply chains supporting MSMEs or low-income persons; housing developers serving simple or very simple housing; MSMEs, MSME corporations and low-income borrowers; and investors or businesses assessing inclusive-finance facilities.
Practical impact
Banks have more routes to meet the mandatory RPIM target recorded in their business plans. Eligible financing now expressly includes qualifying credit or financing to non-UMKM, non-financial businesses that supports inclusive sectors and national-priority welfare programmes; financing routed through other banks; and contractual transfers of part of a bank's RPIM fulfilment rights through inclusive-financing deposit certificates or another mechanism set by Bank Indonesia. Bank Indonesia may also require a bank to revise its RPIM report within a specified period following an examination. The detailed eligibility criteria and mechanics remain subject to implementing rules, so an ordinary corporate loan does not qualify merely because the borrower operates a supply chain.
PBI 7/2026 was established on 29 September 2026, promulgated on 30 September and took effect on 1 October. It is the second amendment to PBI 23/13/PBI/2021 on the Macroprudential Inclusive Financing Ratio, or RPIM, for conventional commercial banks, Islamic commercial banks and Islamic business units.
The primary legal obligation remains with banks. The definition of a conventional commercial bank expressly includes an Indonesian branch of a bank domiciled overseas. Each covered bank must meet an RPIM target in its business plan, apply prudential and risk-management principles and calculate fulfilment for the December month-end position. An ordinary PT PMA company does not acquire an RPIM reporting duty merely because it borrows from a covered bank.
The amendment broadens qualifying supply-chain financing. A bank may count credit or financing provided to a non-UMKM, non-financial business when proceeds support MSMEs or low-income persons in the company's supplier, distributor or partner network. The new limb also covers qualifying support for inclusive sectors and national-priority welfare programmes based on criteria set by Bank Indonesia. Existing treatment for developers financing simple or very simple housing remains in the consolidated provision.
The rule also expands indirect financing through other banks. Bank Indonesia's official summary identifies channeling and executing structures and mudharabah profit-sharing or other contracts for financing directed to MSMEs, MSME corporations or low-income persons. Banks should therefore trace the final eligible financing and assign reporting responsibility across the structure rather than treating an interbank placement as automatically qualifying.
New Article 7A permits a bank to transfer part of its RPIM fulfilment rights to another bank by contract through an inclusive-financing deposit certificate, or SDPI, or another mechanism set by Bank Indonesia. The transferor must satisfy Bank Indonesia's criteria, and the transferred right reduces its own inclusive-financing amount. A bank that breaches the transfer criteria may receive a written warning.
Supervision is strengthened. Bank Indonesia may conduct surveillance and examinations, including jointly with OJK, and may require a bank to revise an RPIM report within a period specified after an examination. Transaction classification, beneficiary evidence, transfer documentation and calculation controls should consequently be retained in an examination-ready file.
Article 27A gives a limited retrospective implementation route: the newly recognised qualifying non-UMKM supply-chain financing and financing through another bank may support an application to end the Giro RPIM obligation for the December 2025 position. The rule otherwise applies prospectively from 1 October 2026, with annual fulfilment tested at the December month-end.
For foreign investors and Indonesian business owners, the practical opportunity is financing access rather than a new licence. A non-UMKM company with a traceable MSME or low-income-beneficiary supply chain may be a qualifying counterparty, but the bank must still apply Bank Indonesia's detailed criteria and prudential controls. Businesses should present a controlled use-of-proceeds and beneficiary map, while banks should wait for the necessary implementing detail before recognising the RPIM benefit.
Late discovery: Bank Indonesia's regulation page was updated on 8 October 2026 and the instrument was not previously present in the Regulation Watch ledger. The official regulation page, signed text and JDIH metadata now provide the primary-source basis for publication without altering the rule's true legal dates.
Required action
- Covered banks should update RPIM policies, product definitions, business-plan targets, calculation logic, controls and regulatory reporting for the expanded categories before including a transaction in the ratio.
- For financing to a non-UMKM supply-chain company, document how proceeds support MSMEs or low-income persons, an inclusive sector or a national-priority welfare programme, and test the transaction against Bank Indonesia's detailed criteria rather than relying only on the borrower's industry label.
- Banks using channeling, executing, mudharabah profit-sharing or another interbank structure should allocate originator, funding, monitoring, data, audit and reporting responsibilities contractually and prevent the same exposure from being counted twice.
- Before transferring RPIM fulfilment rights, confirm the transferor meets Bank Indonesia's criteria, document the contract and SDPI or other approved mechanism, and model the transfer's reducing effect on the transferor's inclusive-financing amount and ratio.
- Maintain examination-ready transaction evidence and a controlled process for submitting any report revision within the period Bank Indonesia specifies after an examination.
- PT PMA and other non-UMKM businesses seeking supply-chain financing should map the MSMEs, distributors, suppliers, partners or low-income beneficiaries supported by the facility and be prepared to evidence use of proceeds and programme eligibility to the financing bank.
- Treat the implementing Peraturan Anggota Dewan Gubernur and later Bank Indonesia criteria as gating documents for new structures; do not market a facility or recognise RPIM benefit before the detailed conditions are satisfied.