OJK Bali Encourages the Realization of Productive Loans
By : Herry Barus And Aldo Bella Putra | Saturday, September 02 2017 - 22:27 IWST
INDUSTRY.co.id - Denpasar - The Regional Financial Services Authority (OJK) Regional 8 Bali and Nusa Tenggara pushed up credit for the productive sector, one of which is working capital financing which reached Rp32.2 trillion during the first half of 2017.
Head of Regional OJK 8 Bali and Nusa Tenggara Zulmi in Denpasar, Saturday (2/9/2017) said the bigger realization for business improvement or productive sector is expected to reduce the number of problem loans.
During the first semester or period of January to June 2017, the realization of working capital credit of banks in Bali reached Rp32, 2 trillion or up compared to December 2016 position which reached Rp31, 3 trillion.
Working capital credit of commercial banks in Bali dominated the amount of financing reached Rp27.1 trillion, sharia public bank Rp605 billion and rural banks (BPR) reached Rp4, 5 trillion.
In addition to working capital, credit for investment also jumped slightly from Rp17, 3 trillion in December 2016 to Rp17, 5 trillion.
The realization of credit for consumption recorded an increase although the financing is not included productive.
The financing for consumption disbursed by conventional commercial banks, sharia banks and rural banks in Bali during the first half of this year reached Rp30.6 trillion, jumping from December 2016 position of Rp29.2 trillion.
OJK noted that total loans disbursed by banks in Bali during the first half of 2017 reached Rp80.3 trillion, jumping from December 2016 to Rp77.9 trillion.
Despite rising, Zulmi reminded the financial institutions to press for troubled loans in light of an increase in the first half of the year.
Total non-performing loans (NPLs) of banks in Bali reached 3.45 percent, jumping compared to December 2016 which reached 2.42 percent.
NPLs in rural banks recorded the highest jumps among conventional commercial banks and sharia banks in June 2017 reached 7.27 percent, higher than December 2016 which reached 4.91 percent.
To that end, he reminded the BPR to conduct a careful analysis before disbursing loans to prospective borrowers and directing realization to the productive sector.
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