BI Reveals Banking Credit Growth Reaches 10.30 Percent
JAKARTA - Bank Indonesia reported that bank credit remained high in February 2025, the Governor of BI, Perry Warjiyo said, credit growth until February reached 10.30 percent (yoy) driven by the supply and demand side.
"In terms of supply, credit growth is supported by the reallocation of liquid assets to credit by banks that are still continuing, funding support from the growth of the DPK which has continued to record positive trends since 2025, as well as the availability of liquidity which remains in line with the implementation of strengthening the KLM," he said at a press conference in Jakarta, Wednesday, March 19.
Until the second week of March 2025, he continued, Bank Indonesia had provided KLM incentives of IDR 291.8 trillion, each to state-owned banks of IDR 125.7 trillion, BUSN of IDR 132.8 trillion, BPD of IDR 27.9 trillion, and KCBA of IDR 5.4 trillion.
sectorally, these incentives are distributed to priority sectors, namely agriculture, real estate, public housing, construction, trade and manufacturing, transportation, warehousing, tourism and the creative economy, as well as MSMEs, Ultra Micro, and green.
"In terms of demand, credit growth is supported by the performance of corporate sales which are still growing positively," explained Perry.
Based on the use group, investment credit growth, working capital credit, and consumption credit, respectively, amounted to 14.62 percent yoy, 7.66 percent yoy, and 10.31 percent yoy.
Then Islamic financing grew by 9.15 percent yoy, while MSME loans grew by 2.51 percent yoy.
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In the future, Perry said, Bank Indonesia will also encourage credit growth through various accommodative macroprudential policies so that it can support economic growth, including optimizing the increase in KLM from a maximum of 4 percent to 5 percent of the DPK which is valid from April 1, 2025.
"The increase in KLM by 1 percent will further encourage bank credit/financing to priority sectors for growth and job creation in line with the Asta Cita Pemerintah program," said Perry.