Bank Indonesia Records Increase in New Credit Disbursement in November 2021

Bank Indonesia (BI) recorded an increase in new credit disbursement in November 2021 compared to October 2021. A banking survey shows that the weighted net balance (WNB) of new credit disbursement in November 2021 reached 81.7%, significantly higher than the previous month's 12.7%.

This increase in new credit disbursement occurred across all bank categories. For general banks (BU), new credit disbursement grew by 80.1% in November 2021, considerably higher than the previous month's 4.2%.

New credit disbursement for Islamic commercial banks (BUS) grew by 95.4% in November 2021, slightly higher than October 2021's 95.2%. Meanwhile, for regional development banks (BPD), new credit disbursement grew by 96.6%, exceeding the previous month's 75.7%.

Based on usage type, the growth of new credit disbursement in November 2021 is estimated to have increased in almost all credit types. Working capital loans (KMK) grew by 70.8% in November 2021, higher than the previous month's 38.6%.

Investment loans (KI) grew by 51.1% in November 2021, an increase from the previous month's 5.7% growth.

Meanwhile, consumption loans (KPR) grew by 45.2% last month, lower than October 2021's 54.4%. Other consumption loans grew by 47.7%, higher than the previous month's 24.8%.

BI noted that, based on business sector, new credit disbursement in November 2021 prioritized the wholesale and retail trade sector, followed by the manufacturing and construction industries. The main factors influencing new credit disbursement in November 2021 included the outlook for future monetary and economic conditions, and financing demand from customers.