The Financial Services Authority (OJK) stated that transportation, manufacturing industry, trading, and consumption credit contributed to March’s NPL to hike and settle at 2.77%, higher than 2.53% in December 2019. Besides, demands for forex credits were the major driver for March’s credits of 7.95% y-y or climbing higher than 6.08% in December 2019.
Investment credit based on functions posted the most significant growth of 13.65%, while working capital credits and corporate credits respectively positioned at the second and third significant growth of 6.63% and 2.49%. (CNN)
Reference:
https://www.cnnindonesia.com/ekonomi/20200511095242-78-501958/rasio-kredit-macet-meningkat-277-persen-di-tengah-corona, accessed on Monday, May 11, 2020
