Bank BNI opens its voice regarding the decline in savings of Indonesian citizens

Jakarta, CNBC Indonesia – Bank Negara Indonesia (BBNI) revealed that the growth of company savings or third party funds (DPK) is still above the industry average.

BNI Bank Director Mucharom said that as of September 2023, BBNI’s TPF grew 9.1% annually and was still above the industry average DPK growth of 6.4% in the same period.

However, he did not deny that there were widespread liquidity problems in the Indonesian banking industry.

Previously, Bank Indonesia revealed that banking credit growth slowed by 3.43% in October (yoy), from 6.4% in the previous month.

“This shows that in general the liquidity situation is tightening,” explained Mucharom in Bank BNI’s public presentation Monday (27/11/2023).

Mucharom also revealed that the credit to loan ratio (loan to deposit/LDR) maintained at a healthy level of 90.1%.

“We achieved this because it is BNI’s strategy in building buffer healthy liquidity, especially in anticipating deficient macroeconomic conditions favorable recently,” explained Mucharom.

He added that currently rupiah liquidity is caused by tightening monetary and fiscal policies in the context of stabilizing the rupiah exchange rate. Meanwhile, for foreign exchange, he said it was also influenced by other factors.

“For foreign exchange liquidity, especially the US dollar, the shortage occurred due to the high price of commodity exports and also foreign outflow from the bond market,” explained Mucharom.

He also said that for the October performance release which will be published this week, Bank BNI saw a slowdown in DPK but it had no impact on credit distribution. Bank BNI is also said to continue to strengthen digital capabilities and a number of other strategies to maintain healthy deposit growth.

(fsd/fsd)