News

Lending & Credit

Staff Reporter

, Indonesia

Published:

1 month ago

Photo by Aldi Fauzan via Wikimedia Commons. No other edits were made except for cropping of the photo. Source: https://commons.wikimedia.org/wiki/File:Bank_Indonesia_di_Daerah_Istimewa_Yogyakarta

Indonesia’s new loans rise in Q2

New loan disbursements are expected to further grow in Q3.

New loan disbursements in Indonesia rose to a weighted net balance (WNB) of 89.1% in Q2, according to data from the Bank Indonesia (BI).

This is nearly 29 basis points (bp) higher than the 60.8% WNB recorded in Q1.

Faster growth was reported across all loan types, except consumer loans.

BI expects new loans disbursements to accelerate further in Q3 (July-September 2024), with WNB expected to increase to 93.6%.

Whilst growth rose, respondents to BI’s latest banking survey reported slightly tighter lending stars for Q3, as indicated by a positive lending standards index (LSI) of 2.6%, primarily in terms of administration fees.

In contrast, interest rates will remain looser, the central bank said.

Respondents were noted to be “optimistic” on credit growth until end-2024, the central bank’s survey found.

“Respondents are upbeat, amongst others, due to the monetary and economic outlook as well as relatively mitigated credit risk when disbursing loans,” BI stated in a press release posted on its website.

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