OJK Says Consumption Credit In Jambi Reaches IDR 21.92 Trillion

Illustration (Photo: Doc. ANTARA)

JAKARTA - The Jambi Province Financial Services Authority (OJK) noted that the distribution of commercial bank loans is dominated by the type of consumption use reaching IDR 21.92 trillion until April 2024.

Head of the Jambi Province OJK Yudha Nugraha Kurata said the portion of consumption credit reached 42.58 percent of the total lending of IDR 51.47 trillion.

The largest portion of lending is then in the type of use of working capital of IDR 15.55 trillion or 30.21 percent.

In investment loans, banks disburse loans of IDR 14 trillion or 27.21 percent of the total lending in Jambi.

OJK Jambi reported that the intermediation performance of commercial banks was growing and stable, with credit disbursement growing 7.50 percent (yoy) to IDR 51.47 trillion until April 2024.

Conventional loans grew by 6.24 percent (yoy) to Rp45.91 trillion and for sharia financing grew by 19.17 percent to Rp5.56 trillion.

The quality of credit distributed by banks in Jambi is still maintained with an NPL ratio of 2.01 percent below the national NPL ratio of 2.30 percent.

Based on the debtor category, the number of non-MSME customers dominates. The amount of credit disbursement in non-MSME debtors reached Rp27.79 trillion and MSME debtors reached Rp23.68 trillion

Credit disbursement based on its sector is most channeled into the field sector of other household appliances.

In this sector credit reached Rp14.93 trillion or 29 percent of total credit. Furthermore, followed by the agricultural, hunting, and forestry sector amounting to Rp13.72 trillion or 26.66 percent.

Several other sectors that dominate are large and retail trade, residential housing ownership, processing industry, accommodation provision and provision of food and drink.