Credit disbursement is one of the factors of national economic recovery. However, data from the Financial Services Authority (OJK) noted that there was a contraction in lending at national private banks and foreign banks.
PT Bank Central Asia (Persero) Tbk. This national private bank with top-notch assets recorded that on an annual basis, BCA's total credit was stable at Rp. 593.6 trillion as of June 2021.
“This is supported by the corporate segment, home ownership loans (KPR), and credit cards. In particular, corporate loans grew 1% year on year (yoy) to Rp 260.45 trillion compared to June 2020, supported by various sectors," said Executive Vice President Secretariat & Corporate Communication of BCA, Hera F. Haryn, Monday (20/20/2020). 9).
Hera explained that currently the company sees a trend of better credit growth compared to last year, as indicated by several credit sectors that have recorded recovery, especially those related to commodities, telecommunications, and infrastructure.
"However, there are other sectors that require a longer recovery time, namely hotels, tourism, textiles, and construction," added Hera.
Hera hopes that his party can continue to grow credit to the range of 4% -6% this year, supported by adequate liquidity and hopes for an economic recovery so that it can encourage credit demand.
With the government's efforts through the incessant vaccination program, it is hoped that it can immediately reduce the impact of the Covid-19 pandemic. Hera also appreciated the credit relaxation regulation from the regulator, so that banks can provide optimal services.
In addition, PT Bank CIMB Niaga (Persero) Tbk until August 2021 recorded positive growth in credit in the retail sector. Bank CIMB Niaga's Consumer Director, Lani Darmawan explained that mortgages grew 7% yoy, motor vehicle loans (KKB) grew around 14% through CIMB Niaga Autofinance, but credit cards still contracted -8%.
"This is because travel-related activities have not returned to normal, even though online e-commerce transactions have doubled," Lani explained.
Lani hopes that retail credit growth will continue to climb until the end of this year. He hopes that by the end of this year, the overall growth will still be 5%, including credit cards which are estimated to be still contracting. "Hopefully there will be no more strict implementation of community activity restrictions (PPKM), which will have a direct impact," said Lani.