Small and Medium Enterprises (SMEs) with the Highest Non-Performing Loan Ratio

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Adi Ahdiat 23/07/2024 14:12 WIB

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According to OJK data, the highest non-performing loan (NPL) ratio for MSMEs was in the medium-sized business group in April 2024.

Non-Performing Loan Ratio of MSMEs by Business Scale (April 2024)*

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Small and Medium Enterprises (SMEs) with the Highest Non-Performing Loan Ratio

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Non-Performing Loan Ratio of MSMEs by Business Scale (April 2024)*

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According to data from the Financial Services Authority (OJK), the total outstanding principal loan balance owed by micro, small, and medium enterprises (MSMEs) nationwide reached Rp1,461 trillion in April 2024.

Of this amount, Rp62.23 trillion was classified as non-performing loans (NPLs), equivalent to 4.26% of the total outstanding debt.

When broken down by business scale, the highest ratio of MSME non-performing loans was in the medium-sized business group.

In April 2024, the outstanding principal loan balance owed by medium-sized businesses to state-owned banks, regional development banks, and national private banks reached Rp329.37 trillion, with non-performing loans totaling Rp18.22 trillion (5.53% of the outstanding debt).

The outstanding debt for small businesses reached Rp463.61 trillion, with non-performing loans of Rp23.03 trillion (4.97%).

Meanwhile, the outstanding debt for micro businesses reached Rp668.46 trillion, with non-performing loans of Rp20.98 trillion (3.14%).

The OJK is currently drafting a Government Regulation (RPP) regarding the write-off or cancellation of non-performing loans for MSMEs.

However, there is no definite information on when this regulation will be finalized and implemented.

"That RPP [MSME write-off] is currently underway, meaning it's in the finalization stage along with several other RPPs. Hopefully, it can be done more quickly," said Dian Edina Rae, Executive Head of Banking Supervision at the OJK, as reported by *Bisnis.com* on Friday (June 28, 2024).

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."