Michelle Natalia
IDXChannel - The latest Bank Financing Supply and Demand Survey, conducted by Bank Indonesia (BI) in July 2023, indicated limited growth of corporate financing.
"As reflected by a relatively stable Weighted Net Balance (WNB) of 17.6% compared to 17.8% in June 2023," said BI Communication Department Executive Director Erwin Haryono in a media release on Friday (18/8/2023).
Corporate financing was primarily sourced from internal funds, followed by disbursed financing from domestic banks and committed undisbursed loans.
New loan disbursements by the banking industry in July 2023 also posted limited growth compared to conditions one month earlier.
The WNB of new loan disbursements in July 2023 stood at 45.1%, down from 81.7% in the previous period.
The main affecting factors of new loan disbursements in the reporting period were customer demand for financing, the monetary and economic outlook, as well as the level of business competition between banks.
Overall, however, respondents predict increasing new loan disbursements by the banking industry in the third quarter of 2023.
"In terms of household, demand for new financing accelerated in July 2023," he stated.
Meanwhile, financing sourced from commercial banks slightly moderated compared to the previous period.
Households also relied on other sources to meet their financing needs, including cooperatives and leasing. (WHY)
