April 2017, Bank Lending Grew by 10%

Bank credit in April 2017 recorded a 9.47 percent year-on-year (YoY) growth, reaching Rp 4,386 trillion compared to Rp 4,006.7 trillion in April 2016. This marks the fourth consecutive month of growth in 2017. Compared to the end of 2016, bank credit also grew by 2 percent. All five sectors receiving the largest amount of bank credit showed growth.

The wholesale and retail trade sector in April 2017 grew by 8 percent (YoY) to Rp 841.27 trillion from its April 2016 position. The manufacturing industry increased by 4 percent (YoY) to Rp 761.39 trillion, the agricultural sector grew by 12 percent (YoY) to Rp 289.06 trillion, the construction sector also increased by 25.66 percent (YoY) to Rp 219.78 trillion, and the real estate sector grew by 13.53 percent (YoY) to Rp 205.32 trillion.

Third-party funds (DPK) collected by banks in April 2017 also grew by 9.87 percent to Rp 4,920.45 trillion from Rp 4,478.4 trillion in the same month of the previous year. Compared to the end of 2016, bank DPK also grew by 1.73 percent. Similarly, non-performing loans (NPL) for banks in April 2017 increased to 3.07 percent from 2.93 percent in April 2016.