Michelle Natalia
IDXChannel - The latest Financing Supply and Demand Survey, conducted by Bank Indonesia (BI) in May 2023, indicated increasing new loan disbursements by the banking industry compared with conditions one month earlier.
This was reflected by an increase in the Weighted Net Balance (WNB) to 82.6% in May 2023 from 68.9% in April 2023.
"The main affecting factors of new loan disbursements in the reporting period were customer demand, the monetary and economic outlook and the level of business competition between banks," BI Communication Department Executive Director Erwin Haryono said in a media release on Tuesday (20/6/2023).
"Overall, respondents predict an uptick on the supply-side of new loan disbursements from the banking industry in the second quarter of 2023," he stated.
The latest Survey also indicated modest growth of corporate demand for financing in May 2023, with the WNB moderating to 12.5% from 19.8% in April 2023.
