BI Ensures Credit Growth Staying One Digit

By : Wiyanto Dan Aldo Bella Putra | Friday, September 15 2017 - 22:30 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta- This year's credit growth is ensured below double digits. The fixed loan growth range is 8-10% which is the result of revision from 10-12% until the end of the year.

Dody Budi Waluyo, Deputy Governor of Bank Indonesia acknowledged that credit is weakening due to lower credit demand due to slowing economic slump.

"Bank baseball and merta credit, but whether there demannya baseball at this time," he said in Jakarta, Friday (16/09/2017).

According to Dody, Non Performing Loan (NPL) or the ratio of bad debts of banks to be the prudential of banking is in credit disbursement.

On average, the banking NPL industry, he said at 3% position, the position is far from safe. The reason for the provision of the upper limit of NPL is 5%.

"The industry's NPL is still low at 3% to date, supported by economic growth until the end of the year 5.1% to 5.2%," he said.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…