Observer Of Release 6 Achievements Of The Indonesian Financial Sector

Illustration of Rupiah (Photo: Doc. Antara)

The Segara Research Institute has issued a number of achievements in the financial services sector in Indonesia. this is to welcome the Annual Meeting of the Financial Services Industry (PTIJK) organized by the Financial Services Authority (OJK) on Monday, February 6.

Segara Research Institute Executive Director Piter Abdullah Redjalam said there were 6 lists of Indonesia's achievements in the financial sector in 2022. First, the financial services industry has proven to be quite resilient and able to survive in the midst of a pandemic storm in 2020-2021.

Important indicators in the financial sector are well maintained, starting from NPL/NPF which is maintained below 5 percent. Third Party Funds (DPK) which continue to grow above historical and capital averages that are always strong above the threshold set by the OJK.

"The high growth rate of DPK, especially in banks during the 2020-2021 period, shows that public confidence in the financial sector is not disrupted, even though the economy is negatively affected by the pandemic," Piter Abdullah said in his official statement, Saturday, February 4.

Second, being able to survive the financial services industry cannot be separated from the speed and accuracy of the government, as well as the authorities of Bank Indonesia (BI) and the Financial Services Authority (OJK) in anticipating the impact of the pandemic.

"Excellent coordination and synergy during the pandemic between the government, BI, OJK and LPS should be maintained and improved in the future," Piter said.

Third, Resilience or resilience in the 2020-2021 period will become the capital of the financial sector to grow better in 2022. "As the pandemic subsides, banking credit distribution in 2022 will be able to grow by 11.35 percent (yoy), while DPK will grow 9.01 percent," he said.

Fourth, not only banking will experience an increase in performance in 2022, but non-bank financing will also grow better, reaching 14.8 percent (yoy). The collection of premiums by insurance and price indexes in the capital market also experienced a positive increase.

"The considered best capital market performance in ASEAN is supported by the start of the return of foreign investors who indicate a return to global trust in the Indonesian economy," he said.

Fifth, the growth of the financial services industry which is quite good in 2022 is also followed by a decrease in risk, both in the banking and non-bank sectors. "This can be seen from the ratio of NPL (gross) which continues to decline (2.32 percent), while all liquidity ratios above the threshold (AL/NCD = 137.67 percent, Liquidity Equipment/DPK = 31.20 percent)," he said.

Finally, throughout 2022, OJK has issued various policies to mitigate the risks faced by the financial services industry, including continuing the policy of easing credit restructuring.