Banks Channelled IDR 1.195 Trillion in UMKM Loans in April 2022

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Vika Azkiya Dihni 31/05/2022 13:00 WIB

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Bank Indonesia (BI) reported that bank lending to the micro, small, and medium enterprise (MSME) sector reached Rp1,195.4 trillion in April 2022, a year-on-year (yoy) growth of 16.9%.

Year-on-Year Growth of UMKM Credit Disbursement by Business Scale (March-April 2022)

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Banks Channelled IDR 1.195 Trillion in UMKM Loans in April 2022

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Year-on-Year Growth of UMKM Credit Disbursement by Business Scale (March-April 2022)

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Bank Indonesia (BI) reported that disbursement of bank credit to the micro, small, and medium enterprise (MSME) sector reached Rp1,195.4 trillion in April 2022.

This figure grew by 16.9% year-on-year (yoy), higher than the previous month's growth of 15% (yoy) in March 2022.

A breakdown by business scale shows that micro-scale MSME credit grew by 105.4% (yoy) in April 2022 to Rp412.6 trillion, accelerating compared to the previous month's growth of 94.7% (yoy).

Meanwhile, credit for small-scale MSMEs slowed to a 24.7% (yoy) growth in April 2022, reaching Rp449.8 trillion. In March 2022, credit for small businesses grew by 27.4% (yoy).

Furthermore, medium-scale MSME credit in April 2022 contracted by 27.9% (yoy) to Rp333 trillion. However, this contraction was less severe than the previous month's contraction of 28.6% (yoy).

BI also reported that this increase in MSME credit was driven by both investment credit (KI) and working capital credit (KMK). KI grew by 13% (yoy) in April 2022, while KMK grew by 18.2% (yoy) in the same period.

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."

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Banks Channelled IDR 1.195 Trillion in UMKM Loans in April 2022

Banks Channelled IDR 1.195 Trillion in UMKM Loans in April 2022

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Banks Channelled IDR 1.195 Trillion in UMKM Loans in April 2022

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