JAKARTA - The Financial Services Authority (OJK) reported that bank credit performance grew 10.79% (year-on-year / yoy) in November 2024, to IDR 7,717 trillion.

Bank credit growth in December 2024 was slightly lower than the previous month, which stood at 10.92%.

Nevertheless, Dian Ediana Rae, Chief Executive of OJK Banking Supervision, said that banking intermediation performance was still growing positively with a maintained risk profile. ‘Credit growth is still continuing double digit growth,’ said Dian, in a press conference today.

Investment banking loans recorded the highest growth of 13.77%. This was followed by Consumer Credit growth of 10.94% and Working Capital Credit of 8.92%.

On the other hand, Third Party Funds (DPK) collected by banks grew 7.54% yoy in November 2024, to IDR8,836 trillion. In the previous month, banking deposits only grew 6.74% yoy with a value of IDR8,751 trillion.

The growth of bank loans and deposits is also still followed by good asset quality. This can be seen from the Gross Non Performing Loan (NPL) ratio which stood at 2.19% and Net NPL at 0.75% in November 2024. In the previous month, the Gross NPL ratio of banks was at the level of 2.20% and Net NPL of 0.77%. (KR/LM)