Bank Indonesia’s (BI’s) Banking Financing Demand and Supply Survey indicated increased demand for corporate financing in September 2022, as reflected in the Weighted Net Balance (SBT) of 18.4 percent, or higher from August’s 17.9 percent.
Several sectors recorded an increase in financing needs, including transportation and warehousing, agriculture, as well as information and communication, especially to support operational activities and pay off maturing obligations.
In an official statement here, Tuesday, Director of the BI Communications Department Junanto Herdiawan remarked that financing needs were met mainly from own funds, which were still the majority of financing sources, followed by the utilization of the withdrawal allowance facility, both of which increased as compared to the previous month.
The distribution of new loans by banks in September 2022 also indicated positive growth, as indicated by the SBT value of new lending of 56.8 percent.
The main factors influencing the forecast for new lending are prospects for future monetary and economic conditions as well as demand for financing from customers.
Meanwhile, for the entire period of the third quarter of 2022, the supply of new loans is also projected to grow positively, albeit slightly slower than the previous quarter.
On the household side, Herdiawan said, new financing requests are also indicated to grow positively in September 2022.
Most households chose commercial banks as the main source of additional financing, although the financing decreased as compared to the previous month.
The type of financing proposed by most households is in the form of Multi-Use Loans. Other sources of financing that are the respondents’ preferences to meet financing needs include cooperatives, leasing, and friends.
Source: Antara News