Loan to deposit ratio (LDR), therefore, is only 56.5 percent in Papua."Jayapura (ANTARA News) - Head of Bank Indonesia representative office in Papua Joko Supratikto said bank assets in Papua has increased significantly this year from last year.
"By October 2015, banks assets in the province grew 8.81 percent on year," Joko said here on Thursday.
Increase was also recorded in the amount of third party fund held by banks - up 8.32 percent.
"The largest among the third party funds is in savings , followed by deposits and giro," he said.
Credit expansion, however, is not as expected growing only 8.10 percent, he said.
"Loan to deposit ratio (LDR), therefore, is only 56.5 percent in Papua," he said.
The quality of credits in Papua is quite alarming with non performing loan ratio already reaching the maximum level set by the central bank.
"Quality credit in Papua is relatively low with Non Performing Loan (NPL) at 6.23 percent exceeding the maximum level of 5 percent considered safe," he said.
(Uu.H-ASG/F001)
Editor: Priyambodo RH
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