BI Projects DPK Growth To Slow Down To The First Quarter Of 2024

JAKARTA - Bank Indonesia (BI) estimates that the collection of Banking Third Party Funds (DPK) in the first quarter of 2024 will slow down compared to the previous quarter. The slowdown occurred for all instruments, be it savings, demand and deposits.

Based on the Banking Survey conducted by BI, the slowdown in growth was indicated by the Weighted Net Balance (SBT) for DPK growth of 16.1 percent, lower than 93.7 percent in the previous quarter.

Meanwhile, the slowdown in DPK growth is predicted to occur in all types of instrument categories, namely demand, savings, and deposits with SBT of 16.4 percent, 58.4 percent and 6.3 percent, respectively.

However, in the BI survey, it was stated that the slowdown in growth would not last long in 2024. Where, the growth of the DPK until the end of 2024 is predicted to be high.

This is reflected in the SBT forecast for the 2024 DPK collection which was recorded positive at 99.8 percent, higher than the 93.7 percent SBT in the previous year.

For information, Bank Indonesia recorded that Banking Third Party Funds (DPK) grew in December 2023 by around 3.8 percent on an annual basis (yoy) or Rp. 8,234 trillion. Meanwhile, in November 2023, it was Rp. 8,031 trillion. This means that DPK growth has stagnated.

Assistant Governor for Communications at BI Erwin Haryono said the development of the DPK was influenced by the growth of the Corporate DPK of 5.0 percent (yoy) and individuals 3.2 percent (yoy).

"In December 2023, Giro grew 3.9 percent (yoy), after the previous month grew 3.4 percent (yoy). Meanwhile, Savings was 2.0 percent (yoy), compared to the previous month's growth of 2.6 percent (yoy)," he explained.

Meanwhile, futures deposits grew 5.4 percent (yoy), after in November 2023 grew 5.2 percent (yoy).

Furthermore, loans disbursed by banks grew positively in December 2023 amounting to IDR 7,044.8 trillion or grew 10.3 percent. This means that banking liquidity is still a challenge when lending has grown.