Jakarta, CNBC Indonesia – The Financial Services Authority (OJK) asserted that liquidity at the member banks of the State Owned Banks Association (Himbara) is still safe, and tends to be abundant, so there are no banking liquidity issues that currently need attention.
However, OJK assesses that these state-owned banks need to be given a refutation to be able to re-encourage the economy to move in the midst of the Covid-19 pandemic.
OJK Board of Commissioners Chairman Wimboh Santoso said that although the banks’ liquidity was abundant, Himbara’s bank was not only tasked with lending to the real sector, but also acting as a provider of liquidity on the interbank money market (PUAB).
“The liquidity of the Himbara bank is abundant, abundant. But we have to see how fast this is, the new way, so we have to run fast Himbara bank there is no problem, but this Himbara bank is not only the real sector but also lending to other banks through interbank call money market, “said Wimboh to the House of Representatives Commission XI on Monday (6/29/2020).
In addition, he said, the growth of third party funds (DPK) in banks grew by 8%. But unfortunately in the intermediation it was only able to grow 3% due to credit restructuring in the banking sector.
For information, OJK noted, until May 2020, bank loans grew by 3.04% from the same period a year earlier (year-on-year/yoy).
Banking Third Party Funds (DPK) increased by 8.87% (yoy). In April 2020, bank loans grew by 5.73% (yoy) and bank deposits rose by 8.08% (yoy).
Wimboh asserted, by providing liquidity assistance from the government to Himbara amounting to Rp 30 trillion, it was considered to be a driving force for lending.
Himbara members are PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Mandiri Tbk (BMRI), PT Bank Negara Indonesia Tbk (BBNI), and PT Bank Tabungan Negara Tbk (BBTN).
“But it means not to PLM [penyangga likuiditas makroprudensial] down because PLM created buffer liquidity, PLM should be more than that. So how do you encourage the real sector again so that credit can grow and restructuring becomes very important then the sector is also important, “he stressed.
According to the latest data submitted by the FSA, the position of bank liquidity and capital is considered to be in an adequate level.
Until June 17, 2020, the ratio of liquid assets (non-core deposits) and liquid assets (third party funds / DPK) was monitored at 123.2% and 26.2%, far above the threshold or threshold of 50% respectively and 10%.
Meanwhile, as of June 15, 2020, banks had been restructuring loans reaching Rp 655.84 trillion. The credit value consists of 6.27 million debtors.
Specifically, the realization of the credit in the MSME sector reached Rp. 298.86 trillion from 5.17 million debtors.
