SME Credit Disbursement Grew 14.98% in March 2022

Dzulfiqar Fathur Rahman 19/04/2022 16:30 WIB

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Bank Indonesia (BI) reported that the disbursement of bank credit to micro, small, and medium enterprises (MSMEs) grew by 14.98% in March.

Annual Growth of Bank Credit Disbursement to MSMEs (November 2021 - March 2022)

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SME Credit Disbursement Grew 14.98% in March 2022

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Annual Growth of Bank Credit Disbursement to MSMEs (November 2021 - March 2022)

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The banking industry continued to increase credit disbursement to micro, small, and medium enterprises (MSMEs) in March. This marks the recovery of small businesses from the Covid-19 pandemic.

Bank Indonesia (BI) Governor Perry Warjiyo said on Tuesday (April 19, 2022) that UMKM credit disbursement grew by 14.98% year-on-year in March, driven mainly by the micro and small business segments.

Approximately 37.1% of bank credit to MSMEs was channeled to small businesses in January, according to BI data. Then 32.75% of that credit was channeled to micro businesses, and the remainder to medium businesses.

In January, BI reported that the non-performing loan (NPL) ratio for UMKM credit was recorded at 4.04% overall. Medium businesses recorded the highest NPL rate at 6.46%.

However, the trend of bank credit restructuring for the UMKM segment also reflects a further recovery trend. The value of UMKM credit restructuring fell to Rp256.72 trillion in February from Rp264.87 trillion the previous month.

Editor : Annissa Mutia

"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."