Bank DKI Kuartai III Credit Disbursement Reaches Nearly IDR 50 Trillion

ILLUSTRATION BETWEEN

Regional development banks (BPD) of Bank DKI recorded growth in lending during the third quarter of 2023. As of September 2023, Bank DKI's lending grew by 6.90 percent to Rp49.96 trillion, from the previous Rp46.73 trillion in September 2022.

Bank DKI's Director of Finance and Strategy, Romy Wijayanto, said that credit growth was mainly driven by the retail segment which grew by 68.66 percent to Rp1.66 trillion in September 2023, from the position of Rp986.30 billion in September 2022.

"Credit and financing growth is in line with a consistent business strategy in the potential segment, with the main focus of increasing the portfolio in the MSME segment which is in line with the company's vision and mission," Romy said in his statement, Tuesday, October 24.

Furthermore, micro credit also showed good performance with a growth of 42.86 percent to Rp3.27 trillion in September 2023, from the position of Rp2.29 trillion in September 2022.

The growth of the micro and retail segments has pushed the increase in the credit ratio of Bank DKI MSMEs as of September 2023 to 9.87 percent from previously recorded at 7.00 percent in September 2022.

In addition, consumer credit recorded positive growth or 13.64 percent to IDR 21.58 trillion in September 2023, from IDR 18.99 trillion in September 2022.

Larger-scale lending was carried out selectively by Bank DKI, such as syndicated loans which grew 10.91 percent to Rp6.53 trillion in September 2023, from the position of Rp5.89 trillion in September 2022.

Meanwhile, the distribution of the commercial credit segment including the term loan in September 2023 reached IDR 15.54 trillion, while medium credit was reached at IDR 1.37 trillion in September 2023.

Specifically, financing for the sharia segment also grew 6.22 percent to IDR 7.70 trillion in September 2023, from the previous IDR 7.24 trillion in September 2022.

"In the credit expansion strategy, the company continues to prioritize risk management effectively and strict supervision to ensure optimal asset quality. The gross non-performing loan ratio (NPL) is maintained at a low level of 1.83 percent with a net NPL of 0.64 percent in September 2023, which indicates the healthy credit quality of Bank DKI.

Bank DKI also formed adequate reserves with coverage ratios at a conservative level reaching 219.96 percent in September 2023.

"Efforts to control credit quality are also carried out through collection, restructuring, as well as efforts to save credit, in accordance with applicable regulations," he explained.