News

Lending & Credit

Staff Reporter

, Indonesia

Published:

6 months ago

6 months ago

Photo by Aldi Fauzan via Wikimedia Commons. No other edits were made except for cropping of the photo. Source: https://commons.wikimedia.org/wiki/File:Bank_Indonesia_di_Daerah_Istimewa_Yogyakarta

Indonesia’s new loans rise in Q2

New loan disbursements are expected to further grow in Q3.

New loan disbursements are expected to further grow in Q3.

New loan disbursements in Indonesia rose to a weighted net balance (WNB) of 89.1% in Q2, according to data from the Bank Indonesia (BI).

This is nearly 29 basis points (bp) higher than the 60.8% WNB recorded in Q1.

Faster growth was reported across all loan types, except consumer loans.

BI expects new loans disbursements to accelerate further in Q3 (July-September 2024), with WNB expected to increase to 93.6%.

Whilst growth rose, respondents to BI’s latest banking survey reported slightly tighter lending stars for Q3, as indicated by a positive lending standards index (LSI) of 2.6%, primarily in terms of administration fees.

In contrast, interest rates will remain looser, the central bank said.

Respondents were noted to be “optimistic” on credit growth until end-2024, the central bank’s survey found.

“Respondents are upbeat, amongst others, due to the monetary and economic outlook as well as relatively mitigated credit risk when disbursing loans,” BI stated in a press release posted on its website.

Bank Indonesia

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