Non-Performing Loans Decline at the End of 2023, Better Than Pre-Pandemic Levels

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Adi Ahdiat 02/04/2024 16:07 WIB

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According to OJK data, the banking sector's non-performing loan (NPL) ratio continued to decline, reaching 2.19% in December 2023. This ratio is even better than the pre-pandemic period.

Bank Credit Value and National Non-Performing Loan Ratio (January 2019-December 2023)

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Non-Performing Loans Decline at the End of 2023, Better Than Pre-Pandemic Levels

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Bank Credit Value and National Non-Performing Loan Ratio (January 2019-December 2023)

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The Indonesian Financial Services Authority (OJK) has announced the end of the COVID-19 pandemic credit restructuring policy, effective March 31, 2024. The policy, implemented since early 2020, was discontinued because Indonesia's economy has recovered from the pandemic's impact, according to OJK Chairman Mahendra Siregar. "Various indicators in January 2024 show that Indonesian banks are in good condition," Mahendra stated in a press release on Sunday, March 31, 2024.

Previously, many business sectors stagnated due to the COVID-19 pandemic, causing borrowers to struggle with loan repayments. This resulted in a surge in the non-performing loan (NPL) ratio for banks. Before the pandemic, in 2019, the median NPL ratio for national general banks was around 2.6%. This means that approximately 2.6% of all loans disbursed by general banks were in default or problematic. However, during the COVID-19 outbreak in 2020, the NPL ratio for general banks rose, exceeding 3%.

In response, the government implemented restructuring policies, including interest rate reductions, loan term extensions, and reduction of arrears. The national NPL ratio gradually decreased starting in Q4 2021. By December 2023, the NPL ratio for general banks had reached 2.19%, better than the pre-pandemic level, 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."

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Non-Performing Loans Decline at the End of 2023, Better Than Pre-Pandemic Levels

Non-Performing Loans Decline at the End of 2023, Better Than Pre-Pandemic Levels

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Non-Performing Loans Decline at the End of 2023, Better Than Pre-Pandemic Levels

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Badung Regency Government's Regional Revenue Realization as of December 2025

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