The national banking sector
was urged to put bakers on credit extention to only around 15% - 17% in line
with Indonesia’s economic slowdown this year which was projected at around
5.1%. “As Indonesia’s economic growth prospect was corrected to 5.1%, the role
of banks’ intermediary was slower compared to that of 2013. Slowdown in credit
growth was quite synchronous with slow growing economy.” This was statement
made by BI’s Governor Agus Martowardojo on the occasion of launching of the
book entitled “To strengthen Financial System Stability amidst external
imbalance in Jakarta” on Monday [19/5].
Somehow Agus said,
pressures on the banking sector was still under control. Bank’s performance had
also been positive as indicated by Capital Adequacy Ratio [CAR] at 18.36%. “We
should be grateful because the pressures was still under control and tend to
subside since end of 2013 to arrive at normal level. However we still have to
be on the alert. In terms of liquidity, higher credit growth caused increasing
liquidity with its impact or inter-bank competition to enhance third [arty fund
[DPK] with impact on increased credit rate.” He remarked.
Based on the above, Agus
called out to enhance effort to control risk by way of strengthening bank’s
capital structure, credit management, strengthening of infra-structure and
control over payment system, coordination with OJK, opening access for UKM
small business, strengthening of market liquidity through market in-depth
probing. “The direction of macro policy 2014 would be focused on mitigating
systemic and transmission from credit liquidity risk and market. Since the
transfer of micro bank control from BI to OJK, BI had been focusing on macro
watching. The effort to maintain financial stability needed coordination, so we
appreciate intercorporate teamworking” Agus Martowardojo concluded. (SS)
Business New - May 23, 2014
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