Company Credit Requests Rise, Gian Expansion Signal Feels

Illustration (Photo: Doc. Antara)

JAKARTA - Bank Indonesia stated that the demand for new corporate financing in August 2022 indicated positive growth. This is reflected in the Weighted Net Balance (SBT) of 17.9 percent.

Head of the BI Communications Department Erwin Haryono said that financing needs were mainly met from his own funds, which were still the majority of sources of financing, followed by the utilization of withdrawal concession facilities.

"Meanwhile, financing sourced from loans to domestic banks is indicated to increase," he said in a press statement on Friday, September 16.

According to Erwin, new lending by banks in August 2022 is also indicated to grow higher than the previous month, in line with indications of increasing demand for financing from corporations to domestic banks.

"Based on the survey, the main factor that affects the forecast for new credit disbursement is the demand for financing from customers as well as the prospect of future monetary and economic conditions," he said.

Meanwhile, for the entire period of the third quarter of 2022, new loan disbursement offers are also expected to grow positively despite slowing down slightly compared to the previous quarter.

Erwin added that on the household side, new financing requests were indicated to be relatively stable in August 2022. It was stated that the majority of households chose general banks as the main source of additional financing with the type of financing proposed, the majority in the form of multi-purpose loans.

"Other sources of financing that are the preference of respondents to meet financing needs are, among others, cooperatives and leasing," concluded Erwin.