"The demand for corporate financing was indicated to be still high in January 2022, although it was slower than in the previous month," executive director of the communications department of Bank Indonesia, Erwin Haryono, said in a press statement.
The high indication of corporate financing was reflected in the weighted net balance (SBT) of 13.1 percent, which was lower than the weighted net balance of 17.4 percent recorded in December 2021, he added.
There was a slowdown in demand, especially for financing originating from their own funds and financing from loans or new loans from domestic banks, he noted. Meanwhile, demand originating from loans/debts from the parent company was indicated to have increased, he said.
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The need for new financing for households was monitored to be limited in January 2022, Haryono disclosed. The majority of households chose commercial banks as the main source of additional financing, with multipurpose loans accounting for the majority of financing applications, he said.
As many as 45.1 percent of new financing applications from household respondents pertained to multipurpose loans, followed by motor vehicle loans (KKB) (17.5 percent), although both showed a decline compared to the previous month, he added.
From the supply side of bank financing, in January 2022, new lending was indicated to be lower than in the previous month, he informed.
Based on the type of use, new credit distribution in January indicated a decline in investment loans (KI) and mortgage loans (KPR) and a slowdown in working capital loans (KMK) and consumption loans other than mortgage loans, he said.
Meanwhile, for the entire first quarter of 2022, new loan disbursement is expected to slow down compared to the previous quarter, he projected.
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Translator: Kuntum K, Azis Kurmala
Editor: Suharto
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