Jakarta. State-owned banks grouped under Himbara have a combined market capitalization of Rp 1.1 quadrillion ($67.2 billion), underscoring their growing role as a key driver of Indonesia’s economic growth and development agenda, Danantara CEO Rosan Perkasa Roeslani said.

Rosan said the valuation represents around 10% of the total market capitalization of companies listed in Indonesia.

"With a combined market capitalization of around Rp 1,100 trillion, Himbara has enormous capacity to serve as a catalyst for national economic growth while supporting the government's priority development programs," Rosan said.

He said the figure highlights Himbara's strategic position within Indonesia's financial system.

Rosan added that the state-owned lenders are expected to do more than generate profits. They are also tasked with expanding economic access and supporting inclusive growth across the country.

President Prabowo Subianto expects Himbara to reach millions of micro, small, and medium enterprises (MSMEs), which form the backbone of Indonesia's economy, so that financing can meaningfully accelerate national economic growth.

"The role of Himbara should not be measured solely by its profitability, but also by the extent to which it creates equal access and opportunities for all segments of society, from MSMEs to larger businesses," Rosan said.

Banking expert Moch Amin Nurdin said Himbara's expanding role has gained further momentum following the establishment of Danantara Indonesia as the manager of state-owned enterprises, enabling stronger coordination and more integrated implementation of government programs.

"Under the coordination of Danantara and the direction of President Prabowo Subianto, synergy among state-owned banks has strengthened, allowing Himbara's intermediation function to align more closely with the government's national development agenda," Amin said.

However, he cautioned that Himbara must maintain strong risk management and corporate governance standards to ensure sustainable growth. He said broader mandates could increase business volumes and expand customer bases, while also raising financing risks.

"Himbara's biggest challenge going forward is not simply accelerating credit growth, but ensuring that such growth remains high quality, supported by robust risk management and sustainable profitability," Amin said.