Jakarta –
Bank Indonesia (BI) noted deposit rates 1 month is at the level of 4.18% and the lending rate is 9.35% in July 2023. This is like the earth and the sky when borrowing and saving money in the form of deposits at banks.
“In banking, 1-month deposit rates and lending rates in July 2023 are kept low, namely 4.18% and 9.35%,” BI Governor Perry Warjiyo said in a press conference on the results of the Board of Governors Meeting (RDG), Thursday (24 /8/2023).
BI noted that bank credit in July 2023 grew by 8.54% (yoy), an increase from the previous month’s 7.76% (yoy). This credit growth was influenced by high demand in line with increasing economic growth, mainly contributed by the social services, mining and business services sectors.
“This development was influenced by the supply side of credit in line with bank lending standards that were still lax, so that it was accommodative to increased credit growth,” explained Perry.
In the MSME segment, credit growth reached 7.59% (yoy) in July 2023, mainly supported by the micro segment. This was followed by a high ratio of Liquid Assets to Third Party Funds (AL/DPK), namely 26.57% in July 2023.
BI recorded strong banking capital with a capital adequacy ratio (CAR) of 26.74% in June 2023. Credit risk was also under control, reflected in the low non-performing loans (NPL) ratio of 2.44% ( gross) and 0.77% (net) in June 2023.
Banking liquidity in July 2023 was said to be maintained, influenced by the growth of Third Party Funds (DPK) of 6.62% (yoy). Overall, the results of Bank Indonesia’s stress test show that banking resilience is still strong.
“BI continues to strengthen synergies with the KSSK in mitigating various domestic and global economic risks that could disrupt financial system resilience and economic growth momentum,” he explained.
BI admits that it will strengthen the effectiveness of the implementation of macroprudential policy incentives in coordination with the government, banking, and the business world to encourage bank credit/financing in the downstream sectors (minerba, agriculture, livestock, and fisheries), housing (including public housing), tourism, inclusive (including MSME, KUR), and ultra micro (UMi), as well as green economy.
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(aid/that)
2023-08-24 09:50:40
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