"Credits have kept increasing and last week their growth reached 28 percent while more of them have also gone to productive sectors, namely investment and capital credits," he said at a discussion here on Thursday.
He said until April 2012 distribution of credits reached Rp2,317 trillion, up by 5.4 percent from early this year or 25.7 percent from April 2011.
The high increase has affected the total of bad credits which until April 2012 reached 2.30 percent compared to 2.17 percent recorded in December 2011 while net non-performing loans were stable at around 1.09 percent, he said.
He said most of credits in the productive sector grew at higher rate than in December 2011, with the highest recorded at electricity sector at 83.7 percent or Rp28.7 trillion, mining at 32.7 percent or Rp22.7 trillion and processing industry and trade at 29.4 percent or Rp97.7 trillion.
He said investment credit growth has also been recorded at the highest compared to that of December 2011, namely at 6.3 percent from the start of the year or 24.8 percent from April 2011.
Credits for working capital meanwhile grew 5.5 percent from the start of the year and 27.1 percent compared to that of April 2011 and consumer credits grew 4.3 percent since early this year or 20.56 percent from April 2011.
Regarding non-performing loans until April 2012 credits for working capital grew the highest at 2.8 percent followed by credits for investment at 2.2 percent and consumer credits at 1.7 percent.
Compared to that of December 2011 the rate of NPL has increased but it was down compared to that of April 2011.
Based on sectors the biggest NPL was recorded in the construction namely at 4.7 percent, industries at 3.4 percent and trade at 3.3 percent.
Muliaman said undisbursed credits rose by Rp37.9 trillion in April 2012 to Rp732.7 trillion since early this year which was 37 percent of total credits.
Of the total undisbursed credits, Rp271.5 trillion (38.1 percent) was committed and Rp448.2 trillion (61.9 percent) uncommitted.
In terms of sectors the biggest undisbursed credits were found in the transportation sector, followed by social service, service business and trade.
Muliaman said the rise in the undisbursed credits was normal in the midst of high credit growth.
"The trend will rise if credits grow. Those include credit ceilings offered by banks," he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
