The Number Of Free Shares Companies To The Public Will Record The Highest Record, OJK Boss: Evidence Of The Financial Services Industry Has Recovered From A Pandemic

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar. (Photo: Doc. Antara)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said the number of companies that will be listed on the Indonesia Stock Exchange (IDX) or commonly called initial public offering (IPO) will reach a record high this year.

"Again, this is a good condition. Funds will also be maintained in the capital market," said OJK Chairman Mahendra at the BNI Investor Daily Summit 2022, quoted by Antara, Tuesday, October 11.

The good condition in the capital market, he said, is one proof that the Indonesian financial services industry has recovered from the COVID-19 pandemic and is ready and even ready to continue and maintain economic growth.

On the other hand, he continued, the domestic financial sector is also on standby to face the increasingly real risk of transmission from the global economy.

Not only from the capital market, according to him, real evidence of the improvement in the financial sector can also be seen from banking loans which are estimated to grow in the range of 10 percent this year, which are dominated by working capital loans with growth of 12 percent and investment loans of 8 percent. This growth is in line with the context of economic recovery.

Likewise, in the context of financing companies, he said, the outstanding value of financing companies will reach around 9 percent this year.

Furthermore, Mahendra said credit restructuring was originally very high last year due to the COVID-19 pandemic, and has decreased completely, bringing the total to almost 40 percent.

"Only one to two sectors now require special attention, especially and in certain areas that may require relaxation or credit adjustment again," said Mahendra.

By looking at all the indicators as a whole and in line with the health conditions of banks and financing institutions, he continued, the financial sector has said to have recovered.

Meanwhile, OJK and the financial services sector are carrying out a big agenda of reform for the financial sector which is being discussed and finalized, namely through the Draft Law (RUU) on the Development and Strengthening of the Financial Sector (P2SK).