Banking Credit Growth 5.5% in January 2022

Rancakmedia.com – Did you know that Bank Indonesia (BI) stated that bank credit growth in January 2022 was recorded at IDR 5,700 trillion or an increase of 5.5% year on year (yoy).

Based on the debtor category, loans to companies were recorded at IDR 2,879 trillion, up 5.4 percent (yoy) (yoy). Meanwhile, credit to the public was recorded at IDR 2,775 trillion or grew more slowly by 7.1 percent (yoy) (yoy).

Working Capital Loans Up 7.3 percent

The increase in Working Capital Loans is the main reason for the increase in lending in January 2022, according to Erwin Haryono, Main Director of the BI Communication Department (KMK).

Working Capital Loans Up 7.3 percent

The distribution of working capital credit was reported at IDR 2,539 trillion, up 7.3 percent (yoy) in January 2022. According to an official statement issued in Jakarta, Wednesday (23/2) by Erwin, “Especially in the investment sector, Manufacturing Industry and Trade, Hotels and Restaurants (PHR).”

In the manufacturing industry sector, working capital credit increased by 10.2% (yoy) in January 2022, exceeding the previous month's growth (yoy) of 6.8%. In West Java and North Sumatra, the KMK (coconut cooking oil) industry has grown the most.

Meanwhile, working capital credit in the PHR sector rose 5.0 percent (yoy) in January 2022, especially in the Food, Beverage and Other Domestic Tobacco Trade businesses in DKI Jakarta and East Java.

Consumer Banking Credit Growth Increases 4.6 %

Meanwhile, the percentage of disbursed Consumer Credit (KK) increased by 4.9% to IDR 1,676 trillion (yoy). This is because housing loans (KPR) and other multipurpose loans are disbursed more quickly.

Loan disbursement in the property sector in January 2022 also rose 5.4 percent (yoy), especially for KPR/KPA and real estate loans. According to the latest figures, the yoy percent of KPR/KPA loans in January 2022 is 10.1%.

"Especially for loans for residential types 22 to 70 in East Java and West Java," said Erwin.

Consumer Banking Credit Growth Increases 4.6 %

Meanwhile, Real Estate Loans continued to grow positively by 1.9 percent yoy, reversing the negative growth pattern of the previous month.

"This trend is in line with the improved real estate credit allocation for retail structures (malls, plazas) in DKI Jakarta," said Erwin.

Significant Banking Credit Growth

As of January 2022, the amount of credit granted to small and medium enterprises (MSMEs) increased 13.3 percent year-on-year, with a total of IDR 1,140 trillion. Microcredit has a big role in this.

According to Erwin, the percent yoy growth in MSME loans in January 2022 was 73.2%, higher than the previous month (yoy) of 61.9%. In contrast, MSME loans in 2017 increased by 26.3 percent (yoy).

Small business credit fell -24.4 percent (year over year) in December 2021 and then fell -25.2 percent (year over year) in January 2022. Based on the type of use, the increase in MSME credit was driven by the acceleration of working capital loans. .

Conclusion

Bank Indonesia stated that banking credit growth in January 2022 was recorded at IDR 5,700 trillion, an increase of 5.5% year on year (yoy). The increase in Working Capital Loans was the main reason for the increase in lending.

In January 2022, it was reported that working capital credit distribution reached IDR 2,539 trillion, up 7.3 percent from the previous month. The percentage of disbursed Consumer Credit (KK) increased by 4.9% to IDR 1,676 trillion (yoy).

In January 2022, the amount of credit extended to small and medium enterprises (MSMEs) increased by 13.3 percent year-on-year, totaling IDR 1,140 trillion.

Microcredit has a big role in this. According to Erwin, the percent yoy growth in MSME loans in January 2022 was 73.2%.

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