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Why Himbara Bank Shares Are Falling in the Prabowo Era

Monday, November 3, 2025

Share prices and market capitalization of state-owned banks have plunged over the past year as market sentiment shifts.

arsip tempo : 177927002281.

A screen displays stock price movements on the Indonesia Stock Exchange, Jakarta, on October 27, 2025. Antara/Hafidz Mubarak A. tempo : 177927002281.

EVERY morning before work, Iqbal Aldrinsyah follows a small ritual: he opens his securities app on his phone. He does not always trade, sometimes he just checks to make sure his portfolio of state-owned bank shares has not sunk further. For the past year, the once-uplifting green graphs have turned red. “I’m holding on for now, rather than taking a cut loss,” said the 34-year-old construction company employee on Wednesday,

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Ghoida Rahmah

Caesar Akbar contributed to the writing of this article. 

Bank Mandiri BTN Bank BNI Bank Rakyat Indonesia Himbara SOE Bank Danantara
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