Head Of OJK West Sumatra: Banking Assets Grow 8.82 Percent, Credit Distribution 8.43 Percent

Illustration (Photo: Doc. Antara)

PADANG - The Financial Services Authority (OJK) noted that the performance of the financial industry in West Sumatra (West Sumatra) until June 2022 grew positively amid inflationary pressures and the weakening global economy.

"The performance of the financial services industry in West Sumatra grew positively, West Sumatra's banking assets grew 8.82 percent, Third Party Funds (DPK) grew 6.44 percent," said West Sumatra OJK Head Yusri as quoted by ANTARA, Sunday, August 21.

He explained that lending in this region grew by 8.43 percent, with a risk profile that was maintained at a controlled level and a gross non-performing loan (NPL) ratio of 2.07 percent.

In line with that, the Islamic banking sector in West Sumatra also showed encouraging performance, with Islamic assets and financing recorded growing by 14.12 percent and 13.53 percent, respectively.

Meanwhile, Islamic banking Third Party Funds (DPK) grew 21.05 percent and the ratio of sharia non-performing loans (NPF) was still maintained at 2.00 percent.

The performance of BPR and BPRS in West Sumatra also recorded positive growth.

Loans grew by 7.29 percent with a non-performing loan (NPL) ratio of 7.61 percent.

In terms of fundraising, BPR and BPRS Third Party Funds (DPK) grew by 9.22 percent.

The intermediation function is also quite good, as can be seen from the Loan to Deposit Ratio (LDR) which was recorded at 94.33 percent, and the capital ratio (CAR) 28.06 percent.

For the non-bank financial industry, especially finance companies, in June 2022, financing receivables grew by 1.46 percent, and bad loans improved to 2.91 percent, compared to the same position last year of 4.28 percent.

Meanwhile, in the capital market industry sector, the number of Single Investor Identification (SID) continues to increase.

In the position of June 2022, SID was dominated by mutual fund investors which reached 119,753 investors and then followed by stock investors as many as 57,361 investors, only 4,955 investors in State Securities (SBN).

There are 3 investors in Asset Backed Securities (EBA).

Of the 57,361 stock investors, 70.01 percent were dominated by investors aged 30 and under.

The number of SID stock investors grew by 50.79 percent, with the total transaction value until June 2022 reaching Rp8.82 trillion, growing by 5.89 percent.

OJK assesses that the policy of restructuring credit/financing for debtors affected by the spread of COVID-19 has had a positive impact on the development of the financial services industry in West Sumatra as well as business actors and affected communities.

As of June 2022, the banking industry in West Sumatra has provided credit or financing restructuring to 72,023 debtors with an outstanding of Rp5.60 trillion.

During the current period of credit restructuring and banking financing, credit/financing restructuring with the highest number of debtors was in the position of June 2020 with a total of 151,807 debtors, while the highest number of outstanding loans/financing was in September 2020 of Rp10.15 trillion.

In addition, OJK also encourages banks to play an active role in the National Economic Recovery (PEN) program, including through the distribution of KUR.

For the distribution of KUR until the position of June 2022, the outstanding KUR that has been distributed by the West Sumatran banks was recorded at Rp. 5.38 trillion to 92,551 debtors.