Bank Lending Growth Reaches 9.1% in April 2022

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Dzulfiqar Fathur Rahman 31/05/2022 11:30 WIB

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Bank Indonesia Governor Perry Warjiyo reported that bank lending grew by 9.1% year-on-year in April.

Annual Growth of Bank Credit Disbursement (December 2021–April 2022)

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Bank Lending Growth Reaches 9.1% in April 2022

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Annual Growth of Bank Credit Disbursement (December 2021–April 2022)

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Bank credit disbursement grew rapidly in April 2022, in line with the ongoing economic recovery, according to Bank Indonesia (BI).

BI Governor Perry Warjiyo reported that bank credit disbursement grew by 9.1% (year-on-year/yoy) in April 2022 compared to the previous year.

With this growth rate, bank credit disbursement is estimated to have reached Rp5.98 quadrillion.

Perry also stated that banking liquidity remains unaffected despite the central bank's commencement of monetary policy normalization, including minimum reserve requirements.

On the other hand, Bank Mandiri projects bank credit disbursement to grow by 7.5% (yoy) at the end of 2022 compared to the previous year. This projection indicates a faster growth rate than that seen in 2021, which was 5.2% (yoy).

"Credit growth will continue this year. As the economy recovers, credit growth will also recover," wrote Bank Mandiri economist Faisal Rachman in his analysis released on Wednesday (25/5/2022).

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."