New Banking Credit Disbursement Grows Positively : The Bank Indonesia (BI) Banking Survey indicates that new lending on a quarterly basis. (quartal-to-quartal/qtq) in the second quarter of 2022 grew positively. This is indicated by the Weighted Net Balance (WNB). Of new loans of 96.9 percent in the second quarter of 2022. Higher than the WNB 64.8 percent in the previous quarter.
Also, The Chief Executive Director of the BI Communications Department. Erwin Haryono, in an official statement in Jakarta, Tuesday. But he said that new credit growth was indicated for all types of usage. As reflected in the positive SBT value. That is to say, Positive growth occurred in working capital loans (WNB 92 percent). Investment loans (WNB 89.8 percent), and consumption loans (WNB 74 percent).
By sector, the highest WNB growth in new credit disbursement was recorded in the agriculture, hunting, and forestry sectors with WNB 75.1 percent, followed by wholesale and retail trade and fishery sectors with WNB 68.8 percent and 58, respectively. For instance 9 percent.
In the third quarter of 2022
He continued, new loan disbursement is predicted to maintain positive growth, as indicated by the WNB forecast for new lending at 95.7 percent. The standard for lending in the third quarter of 2022 is predicted to be slightly tighter than the previous period. This is indicated by the positive Lending Standard Index (ILS) of 1.9 percent, in contrast to minus 0.3 percent in the previous quarter.
Aspects of the projected tighter lending policy include credit ceilings, credit terms, risky credit premiums, and collateral. With all these estimates, Erwin said the survey results showed that respondents remained optimistic about future credit growth.
Respondents projected credit growth in 2022 of 9.2 percent compared to the previous year (year-on-year/yoy) or an increase compared to 5.2 percent (yoy) growth in 2021.
What is meant by credit?
Based on the Banking Law, credit is the provision of money or claims that can be equated with it, based on an agreement or loan agreement between the bank and other parties, which requires the borrower to repay the debt after a certain period of time with interest.
Credit Purpose and Function
The main purpose of granting credit is to make a profit, the results of this profit are obtained in the form of interest received by the bank as remuneration and credit administration fees charged to customers