Bank Indonesia Calls Corporate Credit Forwarding, Prospects Of A Bright Economy?

Illustration (Photo: Doc. Antara)

JAKARTA Bank Indonesia (BI) said that the demand for corporate financing in September 2022 is indicated to increase compared to the previous month.

Director of the BI Communication Department Junanto Herdiawan said that this was reflected in the Weighted Net Balance (SBT) of corporate financing of 18.4 percent or higher than SBT in the previous month of 17.9 percent.

"The financing needs are mainly met from the funds themselves, which are still the majority of sources of financing, followed by the use of attractive concession facilities, both of which increased compared to the previous month," he said in a press statement today, Tuesday, October 18.

According to Junanto, the distribution of new credit by banks in September 2022 is also indicated to grow positively. This signal can be seen from the value of the Weighted Net Balance (SBT) for new credit disbursement of 56.8 percent.

"The main factors that influence the forecast for new credit distribution are the prospects for monetary and economic conditions in the future, as well as requests for financing from customers," he said.

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

Then on the household side, the demand for new financing is also indicated to grow positively in September 2022.

He said the majority of households chose commercial banks as the main source of additional financing even though it decreased compared to the previous month.

The majority of the types of financing proposed by households are multi-purpose loans. Other sources of financing that are the preferences of respondents to meet financing needs include leasing, explained Junanto.