New Credit Disbursement Shows Positive Growth in Q2 2022

Bank Indonesia's banking survey indicates positive growth in new credit disbursement in the second quarter of 2022. This is indicated by a Weighted Net Balance (WNB) of new credit demand of 96.9%, higher than 64.8% in the previous quarter.

Based on the type of use, increased growth in new credit occurred across all credit types. The WNB of working capital credit grew by 92% in April-June 2022, higher than 65.3% in January-June 2022.

The WNB of investment credit was recorded at 89.8% in the second quarter of 2022, higher than 31.3% in the previous quarter. Similarly, the WNB of consumption credit was 74%, higher than the previous quarter's 46.8%.

Sectorally, the highest growth in new credit disbursement was recorded in the agriculture, hunting, and forestry sector with a WNB of 75%. This was followed by the wholesale and retail trade sector and the fisheries sector with WNBs of 68.8% and 58.9%, respectively.

In the third quarter of 2022, BI projected positive growth in new credit disbursement, although slower than the previous quarter, with a WNB of 95.7%.