Corporate Financing Needs Increased in June 2022

Finance

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Vika Azkiya Dihni 20/07/2022 12:10 WIB

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According to Bank Indonesia's (BI) Banking Financing Supply and Demand Survey, corporate financing needs increased again in June 2022.

Weighted Average Net Position (WANP) Corporate Financing Demand

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Weighted Average Net Position (WANP) Corporate Financing Demand

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According to Bank Indonesia (BI)'s Financing Supply and Demand Survey, corporate financing needs increased again in June 2022.

This is reflected in the weighted net balance (WNB) of corporate financing demand, which reached 16.4% in June 2022, higher than the previous month's 12.1%.

BI noted that this development was driven by increased financing demand from the manufacturing industry sector, with a WNB of 5% last month. This figure is higher than May 2022's 2.7%.

Furthermore, the WNB from the trade sector grew from 0.6% to 1.6%, and the WNB of the food and beverage sector grew from 0.2% to 1.1% in the same period.

This financing was used to support operational activities, payments of maturing obligations, and support domestic recovery.

Meanwhile, the financing needs of most respondents were still met from their own funds. Some also relied on financing sources from banks, utilization of overdraft facilities, and loans from parent companies.

Respondents also stated that the choice of financing source was mainly influenced by the ease and speed of obtaining funds, and the optimization of existing facilities.

(Also Read: Government Budget Financing Debt Down 62.4% as of April 2022)

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."