The government estimates that the funding needed to achieve the target of reducing greenhouse gas emissions is in the thousands of trillions in IDR, and billions in US$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,
State-owned banks are optimistic about the economic recovery, with a number of banks projecting credit growth to reach 10% by 2022. Both BRI and BTN estimate that credit distribution in 2022 to have year-on-year growth at 8-10%. BRI’s lending focus
OJK recorded that the banking industry’s credit distribution reached US$ 40 billion (IDR 5,653 trillion) as of September 2021, a 2.21% year-on-year increase. State-owned banks disbursed ~51% of the total credit volume as of Q3, and increased their lending by
As of Q3 2021, third party funds (DPK) in the banking industry continue to grow, albeit at a lower growth rate compared to previous months. On the other hand, credit disbursements continued to grow in the same period. Meanwhile, the
Bank Indonesia (BI) noted that the distribution of credit by banks in the last month began to show a steady increase. The value of loans disbursed in August 2021 reached USD 390.4 billion (IDR 5,574.9 trillion) growing at 1% on
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
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.
Bank Indonesia (BI) is optimistic that credit disbursements can grow 4%- 6% this year, supported by the following four factors. First factor is the recovery of the global economy, raising world commodity prices that have a positive impact on Indonesia
According to Anung Herlianto, Executive Director of Banking Research and Regulation of the Financial Services Authority (OJK), most of the main indicators show that Indonesia’s banking sector is still stable. However, banks must remain vigilant, as both the gross non-performing
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