BI Survey: November Banking Demand And Disbursement Increase

ILLUSTRATION/ANTARA

JAKARTA - The November 2021 Banking Financing Supply and Demand Survey conducted by Bank Indonesia concluded that the demand and distribution of banking financing indicated an increase, although it was slower than the previous month.

"This is reflected in the Weighted Net Balance (WNB) of 14.8 percent, slowing from the October 2021 SBT of 16.7 percent," said Executive Director of the Communications Department of Bank Indonesia (BI) Erwin Haryono in an official statement received in Jakarta, Sunday, December 19.

The slowdown occurred in financing needs, especially for financing originating from own funds, although it is still the main source of financing for business activities.

Meanwhile, financing originating from domestic bank loans (new credit), the use of leniency in withdrawals and loans from the parent company is indicated to increase.

Then the demand for new financing by households was observed to be still limited in November 2021, slightly decreasing compared to the previous month.

"Commercial banks are still the main source of preference for additional financing for household respondents, with the type of financing proposed by the majority in the form of Multi-Use Loans," said Erwin.

Meanwhile, from the banking supply side, new lending is indicated to increase in November 2021 compared to the previous month. Based on the bank group, the increase in new loan disbursement growth in November 2021 is predicted to occur in all bank categories.

This increase was mainly driven by the type of use of KMK. Meanwhile, for the entire period of the fourth quarter of 2021, new lending is also predicted to increase compared to the previous quarter.

The Banking Financing Supply and Demand Survey has been conducted monthly by Bank Indonesia since August 2020. The survey was conducted in order to support the National Economic Recovery (PEN) program due to the impact of the COVID-19 pandemic.

The aim is to obtain information regarding financing needs (demand side) and distribution (supply side). The survey was conducted on corporations and households from the demand side, and banks from the supply side with national coverage.