JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said that until December 2024, the total assets of the Indonesian pension fund industry reached IDR 1,508.21 trillion, an increase of 7.31 percent year on year (yoy).
"On the part of the pension fund industry, total pension fund assets as of December 2024 grew by 7.31 percent (yoy) to Rp1,508.21 trillion with voluntary pension fund assets of Rp382.54 trillion or grew 3.75 percent (yoy)," he said at the Press Conference of the Financial System Stability Committee (KSSK), Friday, January 24.
Mahendra conveyed that the outstanding guarantee as of December 2024 was recorded to have contracted 0.71 percent (yoy) to Rp419.90 trillion and assets contracted by 0.04 percent (yoy) to Rp46.39 trillion.
In addition, Mahendra conveyed that in the Insurance, Guarantee and Pension Fund (PPDP) sector, insurance industry assets as of December 2024 reached IDR 1,133.87 trillion or grew 2.03 percent (yoy).
Furthermore, Mahendra said, commercial insurance performance in the form of premium income accumulation reached IDR 336.65 trillion, growing 4.91 percent (yoy).
"Permodalan di industri asuransi komersial pada Desember 2024 masih memadai, dengan Risk Based Capital (RBC) industri asuransi jiwa tercatat sebesar 420,67 persen dan asuransi umum dan resurance sebesar 325,93 persen, di atas pembangan 120 persen," ujarnya.
As for the financing sector, the Ventura Capital Company, Micro Finance Institutions and Other Financial Services Institutions (PVML), financing receivables for Financing Companies (PP) grew by 6.82 percent (yoy) in December 2024 to Rp530.46 trillion, supported by investment financing which increased by 9.66 percent (yoy).
Meanwhile, the risk profile of finance companies is maintained with a net non-performing financing (NPF) ratio of 0.75 percent and a gross NPF of 2.70 percent.
Mahendra added, the ratio of finance companies is still at an adequate level and is recorded at 2.31 times, still far below the maximum limit of 10 times.
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Meanwhile, the growth in venture capital financing in December 2024 contracted by 8.72 percent (yoy), with a financing value of IDR 16.48 trillion.
"In the fintech peer to peer (P2P) lending industry, outstanding financing grew by 29.14 percent (yoy) or Rp77.02 trillion and distribution to the productive sector amounted to Rp8.45 trillion (30.19 percent of the total P2P financing)," he said.
Mahendra menyampaikan tingkat risiko kredit macet secara aggregate (TWP90) masih dalam kondisi terjaga di posisi 2,60 persen.
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