Bank Credit Grew 8.24% in 2017

Finance

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06/03/2018 11:27 WIB

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This is the first credit growth increase since 2012.

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Bank Credit Grew 8.24% in 2017

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Bank Credit and DPK Growth (2006-2017)

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Amidst a sluggish domestic economy, bank credit disbursement in 2017 still grew. Data from the Indonesian Financial Services Authority (OJK)'s Indonesian Banking Statistics recorded that bank credit last year grew by 8.24% to Rp 4,737.97 trillion from Rp 4,377.2 trillion the previous year. The growth in bank financing last year was higher than the previous year and marked the first increase since 2012.

Third-Party Funds (TPF) collection last year grew by 9.35% to Rp 5,289.2 trillion from the previous year. This amount comprised Rp 2,354.7 trillion (44.52%) in time deposits, Rp 1,701.18 trillion (32.16%) in savings accounts, and Rp 1,233.34 trillion (23.32%) in current accounts.

(Read Databoks: Since 2012, Bank Credit Growth Has Slowed)

The Minimum Capital Adequacy Ratio increased to 23.18% from 22.93% the previous year. Meanwhile, the net interest margin (NIM) decreased to 5.32% from 5.63%, and the non-performing loan (NPL) ratio decreased to 2.59% from 2.93%.

"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."