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    Growth of Banking Credit in West Java is Slow


    BANDUNG-Related to the financial stability of West Java, credit growth in April 2017 amounted to 8.08% slightly slower than the end of the first quarter of 2017 of 8.40% (yoy).

    In terms of payment system and rupiah money management, in the first quarter of 2017, West Java again experienced net flow of Rp 13.19 trillion. Loans recorded again slowed after the previous quarter had increased.

    "The slowdown is mainly in investment credit and consumption credit," said West Java Head of Representative, Wiwiek SW, Thursday (8/6).

    This is partly due to the backdrop of NPLs or non-performing loans that are still rising below the 5% level.

    By sector, credit distribution in the construction, trade, agriculture and business services sectors has slowed down, while manufacturing industry credit has been increasing.

    Meanwhile, MSMEs lending slowed in April 2017 compared to the first quarter of 2017, from 23.28% to 11.45%. The slowdown was overshadowed by the deteriorating credit quality reflected in the NPL increase to 5.35%.

    "The bank takes the initiative to remain prudent with this high NPL condition," he said. Jo

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