OJK Assesses Decreasing Target of NTB Credit Growth
By : Herry Barus And Aldo Bella Putra | Saturday, September 01 2018 - 19:30 IWST

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)
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