National Housing Loan (KPR) Delinquency Rate Increases in Early 2024

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Adi Ahdiat 29/05/2024 16:52 WIB

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According to OJK data, the value of mortgage financing from commercial banks increased at the beginning of 2024. However, the ratio of non-performing loans also rose.

Total Value of Mortgage Financing from Commercial Banks and Non-Performing Loan Ratio (NPL) in Indonesia (January 2022-February 2024)*

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Total Value of Mortgage Financing from Commercial Banks and Non-Performing Loan Ratio (NPL) in Indonesia (January 2022-February 2024)*

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According to data from the Financial Services Authority (OJK), the total value of general bank financing for individual home ownership loans (KPR) reached Rp668.31 trillion by February 2024.

This national KPR financing value grew by 13% compared to February 2023 (year-on-year/yoy).

However, this financing growth was accompanied by an increase in non-performing loans (NPL).

In February 2024, the value of general bank KPR NPLs surged 25.9% (yoy) to Rp16.65 trillion, with a ratio equivalent to 2.49% of total financing.

Previously, the national KPR non-performing loan ratio had reached a higher level, namely 2.59% in July-August 2023.

Then in September 2023, the ratio decreased temporarily, but rose again from the beginning of 2024, as shown in the graph.

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."