JAKARTA. Major banks still prefer to adopt conservative attitude. In this case, the banks are still piling money in a safer place in the form of securities. The slow demand on credit and the tightening liquidity become the main reasons for the bankers to park their funds in the form of securities. Based on KONTAN’s record, as per October 2016, the amount of funds placed in 10 major banks in the form of securities had increased by 21.54% to Rp 562.35 trillion. This increase is higher than the previous month’s. At the end of September 2016, the securities grew 9.5% on an annual basis. Bank Central Asia (BCA) recorded the highest increase in the securities by 127.25% to Rp 128.61 trillion.
Major banks park money in securities
JAKARTA. Major banks still prefer to adopt conservative attitude. In this case, the banks are still piling money in a safer place in the form of securities. The slow demand on credit and the tightening liquidity become the main reasons for the bankers to park their funds in the form of securities. Based on KONTAN’s record, as per October 2016, the amount of funds placed in 10 major banks in the form of securities had increased by 21.54% to Rp 562.35 trillion. This increase is higher than the previous month’s. At the end of September 2016, the securities grew 9.5% on an annual basis. Bank Central Asia (BCA) recorded the highest increase in the securities by 127.25% to Rp 128.61 trillion.