REPUBLIKA.CO.ID, SAMOSIR -- Bank Indonesia (BI) ensures industrially, the company still has enough ammunition to channel financing. Moreover, this is encouraged through the strengthening of the macroprudential liquidity policy (KLM)

“This is added to KLM incentives so that this leads to the bank having enough ammunition and we are pushing it to sectors where leverage is good and performance is good,” said Joko Prastowo, Director of BI's Macroprudential Policy Department during a training discussion for BI journalists in Samosir, North Sumatra, Sunday (28/4/2024).

For example, Joko continued, government banks could encourage financing in the downstream sector by getting incentives. In addition, it could also boost the property sector thus boosting the economy.

He added that currently AL/DPK banking is still very high at 27 percent. The highest ever was 30 percent during the Covid-19 pandemic due to not channeling credit and being deposited in monetary instruments.

“This means that this bank has a letter of intent and SBN. Our monetary operating instruments can actually be disbursed into credit,” Joko said.

Earlier, BI Governor Perry Warjiyo said growth in banking credit continues to increase. In the first quarter of 2024, credit grew at a high of 12.40 percent on an annual basis driven by credit growth in almost all sectors of the economy.

“On the supply side, the high credit growth is supported by a sustained banking appetite supported by high capital and adequate liquidity,” Perry told the April 2024 BI Monthly RDG press conference.

Perry confirmed that the availability of banking liquidity is limited to a high ratio of Liquid Instruments to Third Party Funds (AL/DPK) of 27.18 peraen supported by KLM Bank Indonesia. To achieve the 2024 credit growth target amid March 2024 DPK growth of 7.44 percent on an annual basis, banks optimized credit funding through asset management strategies with regard to safety, liquidity, and profitability aspects.

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