TEMPO.CO, Jakarta – The Financial Services Authority (OJK) recorded that in the first half of 2021, the banking sector had disbursed 1,439 billion rupees in loans.
“The financial services sector remains stable, with data for July showing positive growth figures, such as intermediary functions of banks and raising capital in the financial market,” said the head of the council of commissioners of the OJK, Wimboh Santoso, in a written statement, Thursday August 26.
However, during the same period, there were settlements and deposits paid by a number of large debtors, which amounted to Rs 1.332 trillion. Therefore, statistically, the bank lending position in July was in the positive zone, increasing by 0.5% (year-on-year).
Credit growth was supported by a 2.4 percent growth in consumer loans and a 1.93 percent increase in loans to MSMEs.
Credit to export-oriented commodity sectors has started to increase and is expected to continue to grow in line with rising prices and demand from the United States and China.
Meanwhile, third-party funds or TPFs still recorded double-digit growth of 10.43% (year-on-year).
Wimboh added that the policy of lowering interest rates has reached the credit industry, with lending rates reduced to “a fairly competitive level”.
MUHAMMAD HENDARTYO | MAUDEY K. SETYAKUSUMA