JAKARTA. Several bankers expect that number of undisbursed loans will shrink during the fourth quarter of 2016, due to the economic growth improvement and positive impacts of tax amnesty program.

According to President Director of PT Bank Central Asia Tbk (BCA) Jahja Setiaatmadja, undisbursed loan decreased due to the massive credit withdrawals during Iedul Fitri festival. As of the end of August 2016, BCA’s undisbursed loan sligthly increased by 1.58% to Rp 163.6 trillion.

Vice President Director of BCA Armand Hartono predicted that the demands for investment credit and working capital will increase during the fourth quarter of 2016, thanks to tax amnesty.

The management of PT Bank Tabungan Negara Tbk (BTN) expected the same. “Credit disbursement will increase following the rise of property credit,” said Director of Commercial Lending at PT Bank Tabungan Negara Tbk (BTN) Oni Febrianto Rahardjo, Sunday 

Oni predicted that credit withdrawal will increase by 19%-20% on annual basis. Actually, as of the end of August 2016, four out of ten biggest banks experienced decreases in undisbursed loan growth. 

For an example, Bank Permata’s undisbursed loan shrank by 4.72% from Rp 45.27 trillion to Rp 43.13 trillion. However, during the same period, PT Bank Negara Indonesia Tbk (BNI) experienced increases in undisbursed loans by 5.44% to Rp 46.34 trillion.

As an information, domestic banks undisbursement loan increased by 6.1% on annual basis as of August 2016, or lower than 10.3% of the increase rate in July 2016. (Translator: Muhammad Farid)

Editor: Sanny Cicilia