The meetin of board commissioner of financial service authority(FSA) stated the non effective function of intermediation of financial institution reflected through sluggish credit growth.
It is listed that for period of august 2016, credit growth fell to 6.83% level from level 7.74%.
The reason highlighted as the main cause by FSA is the contraction of foreign exchange credit around 11.76 yoy. On the other hand, rupiah credit grows well at 10.70% level likewise the financial receivables for auguts which grows 0.87% yoy from 0.36% in july of which the consumer financing particulalry trade, restaurant and hotel as the main factors. Nevertheless, risk of credit is still high.
Ratio of non performing loan(NPL) is listed 3.22 % increasing from position of 3.18% in july while ratio of problematic financing is relatively stabil at 2.22% level.
Resilience of financial institutions in the domestic capital is generally to be at sufficient level to anticipate the potential risks. FSA recorded a capital adequacy ration (CAR) of banks in august reached 23.26%.
FSA continuous to monitor on capital resilience of banks and looks to anticipate the increasing of risks especially potential credit risks.
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