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Bank Loans Increase, Non-Performing Loan Ratio Rises to 2.35% as of February 2024

Erlina Fury Santika 03/05/2024 17:23 WIB

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February 2024 OJK data shows that the value of loans disbursed to the public increased to Rp7,094 trillion. Simultaneously, non-performing loans rose to 2.35%.

Credit Value and Non-Performing Loan (NPL) of Commercial Banks to the Public (February 2023 - February 2024)

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Credit Value and Non-Performing Loan (NPL) of Commercial Banks to the Public (February 2023 - February 2024)

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The Financial Services Authority (OJK) reported that the national banking credit value to third parties or the public reached Rp7,094.51 trillion (Rp7.09 quadrillion) as of February 2024.

This figure increased by approximately 0.52% from January 2024, which was Rp7,057.55 trillion. The January 2024 value was lower than December 2023, which stood at Rp7,090.24 trillion.

The disbursement from December 2023 to February 2024 was the highest compared to the majority of 2023 credit disbursements, which ranged from Rp6,400 to Rp6,900 trillion, as shown in the graph.

Simultaneously, the ratio of non-performing loans (NPLs) increased. According to Antara, the net NPL for banks was recorded at 0.79%, up from 0.71% in December 2023.

Meanwhile, the gross NPL in January 2024 reached 2.35%, up from 2.19% in December 2023.

(See also: Banking Credit Disbursement Up 7.76% as of June 2023, Defaults Down)

Dian Ediana Rae, Executive Head of Banking Supervision at OJK, assessed that the increase in the non-performing loan ratio is still within normal limits and that an upward trend is not necessarily expected in the future.

Dian added that the banking NPL ratio is influenced by Bank Indonesia's (BI) benchmark interest rate and the still-high global conditions.

For information, problematic loans are measured by their collectibility level, primarily using the criteria of substandard, doubtful, and loss. Banks calculate the percentage of problematic loans against the total loans they have disbursed.

Furthermore, Dian revealed that banking industry liquidity in January 2024 was adequate, with liquidity ratios still far above the supervisory needs level.

The ratios of Liquid Assets/Non-Core Deposits (AL/NCD) and Liquid Assets/Third-Party Funds (AL/DPK) decreased to 123.42% and 27.79% respectively, compared to 127.07% and 28.73% in December 2023, well above the respective thresholds of 50% and 10%.

(See also: List of Basic Interest Rates for KPR from 10 Major Banks in Indonesia 2024)

Editor : Erlina Fury Santika

"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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