Rural Banks’ NPL Kept in Check Amid Pervasive Bankruptcies

NPL of rural banks has taken a bit last year, surging from 7.89 percent in 2022 to 9.87 percent in 2023.

Arlina Satiti Mugi Laras

25 Feb 2024 - 19.49
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Rural Banks’ NPL Kept in Check Amid Pervasive Bankruptcies

Ilustration of the rural bank (BPR)

Bisnis, JAKARTA — The non-performing loan (NPL) ratio for the rural bank (BPR) industry has shown slight improvement as regulators scramble to strengthen these financial institutions.

According to the Indonesian Banking Statistics released by the Financial Services Authority (OJK), the NPL ratio of BPRs in December 2023 was at 9.87 percent, down by 65 basis points (bps) from the previous month's 10.52 percent in November 2023.

The total value of nonperforming loans in BPRs reached IDR13.89 trillion as of December 2023. BPRs had disbursed loans amounting to IDR140.79 trillion by the end of December 2023.

The performance achievements of BPRs are approaching the position in July 2023, where the NPL ratio was 9.79% with a total value of nonperforming loans of Rp13.35 trillion. When detailed, the NPLs of BPRs are indeed in a slowing trend, with the nonperforming loan ratio reaching 10.13% in August, then 10.05% in September, and 10.35% in October.

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