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Industry News

OJK reports record NPL since January 2019

OJK noted that the total disbursement of loans restructured by banks in July 2021, showed a drop to US$ 54.6 billion (IDR 778.9 trillion). However, they highlighted the risk of non-performing loans (NPLs) in the banking sector. The July NPL

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Macro News

Commercial banks remain sluggish in credit disbursement

The Financial Services Authority (OJK) reported that the realization of bank credit in July slowed down, despite its 0.5% year-on-year growth. OJK chairman, Wimboh Santoso, mentioned that the private commercial banks’ lending is contracting at 2.62% year-on-year, and 4.5% year-to-date.

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Fintech News

Banks are developing Paylater credit products

Amid the pandemic, there has been a huge uptake in digital commerce, including the Paylater (BNPL) payment schemes offered by technology companies. Banks have taken various measures to remain competitive. Bank CIMB Niaga is currently developing in-house BNPL service, while

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Industry News

Indonesia Financial Group partners with Bank BTN

Indonesian Financial Group (IFG) and PT Bank Tabungan Negara (BTN) are collaborating to optimise the digital banking ecosystem for customers. There are synergies between IFG and BTN that can provide consolidation, restructuring, transformation and business innovation services for the Ministry

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