Loan repayment rate up slightly<\/p>\n
JAKARTA (JP): Bank Indonesia (the central bank) said yesterday
\nthat the collectibility rate of loans at state banks slightly
\nincreased to 81.37 percent as of last December from 80.55 percent
\nas of last September, but was still well below an average of
\n87.94 percent at commercial banks in general.<\/p>\n
The central bank's governor, J. Soedradjad Djiwandono, also
\nsaid at a hearing with the Trade and Finance Commission of the
\nHouse of Representatives early this week that bad loans at the
\ncountry's seven state banks reached Rp 6.1 trillion ($2.77
\nbillion) as of last January.<\/p>\n
Bank Indonesia said in a statement yesterday that a number of
\ndoubtful loans at the commercial banks have shifted to the
\ncategory of bad loans.<\/p>\n
"To get more accurate data, we have conducted repeat on-site
\nexaminations of commercial banks, especially state-owned banks...
\nAfter a correction of previous data, the figure of bad loans
\nincreased, especially at Bapindo," the central bank said.<\/p>\n
Bank Pembangunan Indonesia (Bapindo) has been ridden with
\nhefty bad loans since its US$450 million loan to Eddy Tansil's
\nGolden Key Group went sour last year. Its loans worth hundreds
\nof millions of dollars to giant textile company PT Kanindo
\nSuccess Textile also got them into trouble last year.<\/p>\n
The seven state banks control almost half of the country's
\ntotal lending market. The central bank's latest weekly report,
\ndated Feb. 15, shows that commercial banks' credits stood at Rp
\n187.61 trillion as of last December. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/loan-repayment-rate-up-slightly-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}