BI Records Corporate Financing And Distribution Of New Loans Growing Positively

Bank Indonesia (photo: dock. Antara)

JAKARTA - Bank Indonesia (BI) recorded corporate financing in November 2023 growing positively. This is reflected in the Weighted Net Balance (SBT) of corporate financing of 14.9 percent.

Executive Director, Head of the BI Communication Department Erwin Haryono revealed that the growth in corporate financing needs was mainly driven by increased needs in the construction sector.

"The sources of corporate financing mainly come from their own funds, followed by the use of withdrawal concession facilities, loans/debts from the parent company, as well as financing from domestic banks," he explained in his official statement, Tuesday, December 19.

Erwin said that the bank's new lending in November 2023 also grew positively with a SBT of 70.4 percent.

Meanwhile, the main factors that affect the distribution of new loans include requests for financing from customers, prospects for monetary and economic conditions in the future, as well as levels of business competition from other banks.

"Meanwhile, for the whole fourth quarter of 2023, offers for new credit distribution from banks are also predicted to continue to grow," he said.

Meanwhile, in terms of households, new financing requests in November 2023 are indicated to be slightly lower than the previous month, with the majority of financing coming from commercial banks.

Erwin said that apart from banking, financing sources that are household preferences include cooperatives and leasing.