Soaring 18.76 Percent, Bank Jatim Distributes Rp59.6 Trillion Loans

Illustration (Photo: Doc. ANTARA)

PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) recorded an increase in lending in the first quarter of 2024.

Bank Jatim's lending rose 18.76 percent to Rp56.9 trillion from the previous year which was recorded at Rp47.9 trillion.

"This figure is above the national average growth of only 12.40 percent," said President Director of Bankjatim, Busrul Iman at a press conference in Jakarta, Monday, April 29.

Busrul Merini, the credit growth consists of a consumptive credit composition of IDR 31.3 trillion, an increase of 7.40 percent yoy and productive loans of IDR 25.6 trillion, an increase of 36.34 percent yoy.

He explained that the credit growth results could not be separated from the transformation strategy that had been implemented since 2023.

"We will continue to increase Account Officer's energy to increase credit growth in the productive sector. Meanwhile, consumer credit that becomes the captive market will still be maximized through the momentum of ASN and P3K personnel acceptance, the Eid al-Fitr holiday, as well as an increase in credit growth from the property sector to increase consumer credit disbursement," he said.

The increase in the productive credit sector was supported by high growth, especially from the micro segment which shot up 36.63 percent yoy in the retail & medium segment which grew by 58.40 percent yoy, and the corporate segment rose 17.97 percent yoy.

"The increase in credit that has been achieved by the bank of East Java has made the company's financing ratio (LDR) better," continued Busrul.

The LDR ratio in the first three months of 2024 is at 70 percent.

Bankjatim credit disbursement was also followed by improvements in loan quality. It can be seen from Gross Bankjatim's Gross Non Performing Loan (NPL) ratio which was sloping. Namely at 3.03 percent in the first quarter of 2023 to 2.82 percent in the first quarter of 2024.

"That means that the quality of bankjatim credit is getting healthier and is a sign of recovery from several economic sectors," he concluded.