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.

News Comment

Today's Industry

Minister of Finance Sri Mulyani Indrawati (Photo by PR of Cabinet Secretariat)

Senin, 21 Juni 2021 - 22:37 WIB

Finance Minister Pushes for Speeding Up Regional Fund Usage

Realization of funds transferred to the regions for COVID-19 management needs to be accelerated, Minister of Finance Sri Mulyani Indrawati has said.

vaccine arrives at Soekarno Hatta International Airport in Tangerang, Banten

Senin, 21 Juni 2021 - 21:40 WIB

10 Million Sinovac COVID-19 Vaccine Bulks Arrive in Indonesia

As many as 10 million Sinovac-manufactured COVID-19 vaccines in the form of raw material or bulk Sunday (20/06) arrived at Soekarno-Hatta airport in Tangerang city, Banten province.

President Jokowi inspects mass COVIID-19 vaccination at Bogor Railway Station, Thursday, (17/06). Photo by: BPMI of Presidential Secretariat.

Senin, 21 Juni 2021 - 20:30 WIB

Minister Orders KAI to Provide COVID-19 Random Tests at Commuter Line Stations

Minister of Transportation Budi Karya Sumadi has ordered state railway company PT KAI to provide COVID-19 random tests for passengers of Greater Jakarta commuter line (KRL Jabodetabek).

Vice President Ma’ruf Amin. (Photo by: Vice President’s Secretariat)

Senin, 21 Juni 2021 - 19:23 WIB

VP Ma’ruf Amin: 40% of Gov’t Goods, Services to be Procured from Local MSMEs

The Government continues to promote the use of domestic products through allocation of Micro, Small, and Medium-sized Enterprises (MSMEs) products of at least 40 percent for the Government’s…

Vice President Ma’ruf Amin during Closing of National Conference on Public Security and Defense System, at Sentul, West Java province, Friday (18/6). (Photo: Vice President Secretariat)

Minggu, 20 Juni 2021 - 19:24 WIB

VP Calls for Increased Role of Security, Defense System Amid Global Challenges

The role of security and defense system should be strengthened to protect the entire nation, state and all citizens in facing the increasing global challenges, Vice President Ma’ruf Amin has…