No. 26/150/DKom
The latest Banking Survey conducted by Bank Indonesia in the second quarter of 2024 indicates increasing new loan disbursements, as reflected by an uptick in the Weighted Net Balance (WNB) to 89.1% from 60.8% in the first quarter of 2024. Faster growth of new loan disbursements was recorded across all loan types in the reporting period, except consumer loans. Meanwhile, respondents predict new loan disbursements to accelerate in the third quarter of 2024, with the WNB increasing to 93.6%.
Respondents reported slightly tighter lending standards in the third quarter of 2024 compared with conditions in the previous period, as indicated by a positive Lending Standards Index (LSI) of 2.6%, primarily in terms of administration fees. In contrast, interest rates will remain looser.
The latest Survey also reveals how respondents remain optimistic on credit growth moving forward until the end of the year, with outstanding loans projected to maintain growth momentum. Respondents are upbeat, among others, due to the monetary and economic outlook as well as relatively mitigated credit risk when disbursing loans.
The Banking Survey is available in full via the official Bank Indonesia website.
Jakarta 23rd July 2024
Communication Department
Erwin Haryono
Assistant Governor
