Jakarta's Outstanding Mortgage Payments Reach Rp4 Trillion at the Start of 2024

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Adi Ahdiat 29/05/2024 18:23 WIB

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According to OJK data, the value of problematic mortgage loans in DKI Jakarta reached Rp4.07 trillion in February 2024. However, the ratio of non-performing loans remains healthy.

Top 10 Indonesian Provinces with the Highest Value of Problematic Mortgages (Non-Performing Loans) (February 2024)*

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Jakarta's Outstanding Mortgage Payments Reach Rp4 Trillion at the Start of 2024

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Top 10 Indonesian Provinces with the Highest Value of Problematic Mortgages (Non-Performing Loans) (February 2024)*

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According to data from the Financial Services Authority (OJK), Indonesian general banks had disbursed a cumulative Rp668.31 trillion in mortgage loans (KPR) by February 2024.

However, approximately 2.49%, or Rp16.65 trillion, of these loans are categorized as non-performing loans (NPLs).

Analyzing the data by province, Jakarta had the highest value of problematic KPRs in February 2024, reaching Rp4.07 trillion.

Other provinces with significantly high values of problematic KPRs include West Java, East Java, Banten, North Sumatra, Central Java, South Sulawesi, Riau, South Sumatra, and South Kalimantan, as shown in the graph.

Despite the substantial amounts, the ratio of problematic KPRs in these provinces remains below 5%, falling within the healthy category.

According to information on the Bank OCBC NISP website, the NPL quality categories are as follows:

* Very Healthy: NPL < 2%
* Healthy: 2% < NPL < 5%
* Fairly Healthy: 5% < NPL < 8%
* Unhealthy: 8% < NPL < 12%
* Very Unhealthy: NPL > 12%

Here is a breakdown of the NPL ratio or the ratio of problematic KPRs in the top 10 provinces as of February 2024:

* Jakarta: 2.42% (Healthy)
* West Java: 2.39% (Healthy)
* East Java: 3.07% (Healthy)
* Banten: 1.95% (Very Healthy)
* North Sumatra: 3.02% (Healthy)
* Central Java: 2.14% (Healthy)
* South Sulawesi: 2.33% (Healthy)
* Riau: 3.68% (Healthy)
* South Sumatra: 2.67% (Healthy)
* South Kalimantan: 2.66% (Healthy)

Editor : Adi Ahdiat

"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."