OJK: Banking Credit Disbursement Grows 12.36 Percent In June 2024

Rupiah (photo: dock. Antara)

JAKARTA - The Financial Services Authority (OJK) noted that the performance of the banking intermediation function continues the growth trend. This can be seen from the distribution of bank loans which grew 12.36 percent on an annual basis (yoy) to Rp7,376 trillion in June 2024.

This was revealed by the Chief Executive of OJK Banking Supervision, Dian Ediana Rae in a virtual press conference, Monday, August 5.

"In June 2024, credit distribution growth continued with double-digit growth of 12.36 percent yoy, or 1.39 percent mtm to Rp7,478.4 trillion," said Dian.

In line with credit growth, Dian said Third Party Funds (DPK) also experienced positive growth. In June 2024, the DPK recorded a growth of 0.27 percent mtm or an increase of 8.45 percent yoy to Rp8,722.03 trillion.

"With a giro, the biggest growth contributor is 13.48 percent yoy," he explained.

Meanwhile, continued Dian, the liquidity of the banking industry in June 2024 was adequate with a ratio of liquid or Non-Core Deposit (ALNCD) of 112.33 percent, while in May 2024 it was 114.58 percent.

Meanwhile, the third party fund liquid device (ALDPK) was 25.37 percent in June 2024. Where last May it was recorded at 25.78 percent or far above the threshold of 50 percent (ALNCD) and 10 percent (ALDPK), respectively.

"Meanwhile, credit quality is maintained with a gross banking NPL ratio which decreased to 2.26 percent, where last May it was recorded at 2.34 percent and net NPL at 0.78 percent, while last May it was 0.79 percent," he said.