May 2017, Bank Lending Grew 9 Percent

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19/07/2017 15:21 WIB

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Bank Credit Growth and Non-Performing Loan (NPL) Ratio: January-May 2017

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May 2017, Bank Lending Grew 9 Percent

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Bank Credit Growth and Non-Performing Loan (NPL) Ratio: January-May 2017

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Amidst a sluggish domestic economy, bank credit continues to show growth. In May 2017, bank credit grew by 8.71 percent compared to May 2016 (YoY) and also grew by 0.89 percent from the previous month (MoM). The Financial Services Authority recorded that the value of bank credit in May 2017 reached Rp 4,425.15 trillion compared to Rp 4,070.45 trillion in May 2016.

At the end of last year, non-performing loans (NPL) in the banking sector were still at 2.93 percent. However, entering 2017, bank NPLs have risen above 3 percent. In May 2017, bank NPLs reached Rp 136.04 trillion, or 3.07 percent of total credit. In the first five months of this year, bank credit grew by Rp 7.9 trillion.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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May 2017, Bank Lending Grew 9 Percent

May 2017, Bank Lending Grew 9 Percent

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May 2017, Bank Lending Grew 9 Percent

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