OJK Assesses Decreasing Target of NTB Credit Growth

By : Herry Barus And Aldo Bella Putra | Saturday, September 01 2018 - 19:30 IWST

OJK
OJK

INDUSTRY.co.id - Denpasar - The Financial Services Authority (OJK) will review the reduction in the growth target of credit realization in West Nusa Tenggara after the earthquake struck the region which has an impact on the lives and economy of the local community.

"What is clear is that the earthquake disaster has affected credit growth in NTB and Bali Nusra," said the Head of Bali Regional OJK and Nusa Tenggara Hezbollah in Denpasar, Friday (08/31/2019)

According to him, the OJK targets credit growth in the Bali and Nusa Tenggara region to be around 10 percent.

However, his party has not been able to mention the plan for the revision of specific targets in NTB because until now they are still waiting for the data collected by OJK representatives in the Bumi Gora.

At present, he said, OJK has issued a relaxation in the form of restructuring to provide relief to debtors affected by the earthquake in Lombok and surrounding areas.

In addition, the authority also gives special treatment to the assessment of credit quality or sharia financing and / or new credit or sharia financing in all districts and cities in Lombok, Sumbawa and West Sumbawa.

Special treatment for bank credit or Islamic financing refers to OJK Regulation No.45 / POJK.03 / 2017 concerning Special Treatment for Bank Credit or Financing for Certain Areas in Indonesia Affected by Natural Disasters.

The regulation includes evaluating credit quality with a maximum ceiling of Rp5 billion based only on the accuracy of paying principal and / or interest.

Meanwhile for credit with a ceiling above IDR 5 billion, the determination of credit quality still refers to the applicable provisions, namely PBI No.14 / 15 / PBI / 2012 concerning Asset Quality Rating for Commercial Banks.

Determination of credit quality for BPR is based on the accuracy of payment of principal and or interest.

In addition, the restructured credit quality for commercial banks and rural banks restructured due to natural disasters is set smoothly since the restructuring until the term of the Board of Commissioners' Decree.

The loan restructuring, he said, can be done on loans channeled both before and after a disaster.

"It is expected that with relaxation it can reduce its impact so that the debtor is affected. He can later try, there is a concession allowance in installments at the bank," he said.

Data collected by the Central OJK up to August 21, 2018, there were 39,341 banking debtors affected with a credit value of Rp1.52 trillion in 15 commercial banks and 17 BPRs. (Ant)

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Selasa, 27 September 2022 - 07:03 WIB

On the Sustainable Revenue Growth Path, Macquarie Securities Assesses GOTO Outperform

PT GoTo Gojek Tokopedia Tbk (GOTO) received an Outperform rating from Macquarie, an Australian-based securities company. The largest digital ecosystem company in Indonesia is considered to be…

TokoScore owns features of income prediction and fraud flags. (Photo: indotelko.com)

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 21 September 2022 - 11:20 WIB

Indonesia Needs to Encourage Alternative Tobacco Products Research Collaboration

The scientific studies development on alternative tobacco products in Indonesia is still too minimal. The Indonesian government is suggested to encourage research collaboration on alternative…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 14 September 2022 - 12:30 WIB

Adult Smokers Entitled to Valid and Reliable Information of Alternative Tobacco Products

Public owns the rights to obtain valid and reliable information to improve their health quality. The same rights is also owned by adult smokers, particularly to pertinent information about the…

Tikki Pangestu, the former Director of Policy Research and Cooperation of World Health Organization (WHO). (Photo: channelnewsasia.com)

Selasa, 06 September 2022 - 19:10 WIB

Alternative Tobacco Products, Strategy to Reduce Smoking Prevalence

The high smoking prevalence has been closely associated with increased smoking-related diseases. Alternative tobacco products are predicted to be one of the solutions that can help reduce smoking…