Jakarta, CNBC Indonesia – The bank credit restructuring policy issued by the Financial Services Authority (OJK) has proven to make Covid-19’s impact on the banking sector controllable.
This is clearly illustrated by the results of OJK research. In his presentation before the House of Representatives (DPR), Monday (6/29/2020), if the banking restructuring was not carried out, then the capital adequacy ratio (CAR) would decrease to 20.42% and followed by a surge in non-performing loans ( NPL) to 14.5%.
After the credit restructuring is implemented the CAR position will be at a very safe level of 22.16% and NPL of 3.01%. That means the current banking conditions are still quite strong in the face of Covid-19 pressure.
OJK noted up to June 22, 2020, of the 100 banks that implemented there were Rp 1,373.67 trillion in loans that could potentially be restructured from 15.12 million debtors. The realization of credit restructuring was carried out on 6.35 million debtors with a value of Rp 695.34 million debtors.
“Restructuring loans grew high at BUKU 4 bank, with the highest growth in the trade sector,” said Chairman of the OJK Board of Commissioners Wimboh Santoso in a Hearing Meeting with the Parliament on Monday (6/29/2020).
Wimboh Santoso added that the current bank credit restructuring has begun to slow down a bit. This is because most of the credit restructuring carried out in April, May and June went well.
“This is a sign of the peak (peak) has been passed even though there are actually not many additions,” explained Wimboh.
“We will ask banks to start giving credit to debtors who yesterday restructured or not. We will try through a bank business plan that we will monitor banks per bank,” explained Wimboh.
