Credit Restructuring Value Decreased in February 2022

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Dzulfiqar Fathur Rahman 11/04/2022 17:20 WIB

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The Financial Services Authority (OJK) reports that the value of bank loan restructuring continued to decline to Rp638.22 trillion in February 2022, down from Rp654.64 trillion the previous month.

Bank Loan Restructuring Value (January-February 2022)

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Credit Restructuring Value Decreased in February 2022

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Bank Loan Restructuring Value (January-February 2022)

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The Financial Services Authority (OJK) reported that the value of bank credit restructuring reached Rp638.22 trillion in February 2022, down from Rp654.64 trillion in January 2022.

The value of restructuring in February 2022 also showed a significant decrease compared to December 2020, which reached Rp829.71 trillion.

Of the total value of credit restructuring in February 2022, 38.35% originated from micro, small, and medium enterprises (MSMEs), with the remainder from non-MSMEs.

However, considering the total number of restructuring participants, which reached 3.7 million debtors, the majority, or 76.75%, were MSMEs.

"Bank credit and the number of debtors undergoing restructuring due to Covid-19 continued to decline in February 2022, showing a downward trend compared to the previous month," wrote the OJK in its report released on April 4, 2022.

"Restructuring played a significant role in suppressing the NPL/NPF ratio of banks/financing companies, thus maintaining the stability of the financial services sector," the OJK continued.

For financing companies, the OJK recorded 5.25 million restructuring contracts with a value of Rp221.83 trillion in February 2022.

The OJK reported that the gross non-performing loan (NPL) ratio for banks was 3.08%, and for financing companies, 3.25% in February 2022.

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."