Banjarmasin, Gardamedialine.com
The Financial Services Authority of South Kalimantan Province recognizes the sustained stability of the financial sector and the consistent growth of Financial Institution Intermediation (LJK), aiming to bolster regional economic growth.
Banking Sector Progress: In November 2023, the banking sector displayed growth in intermediation, liquidity, and credit risk well within acceptable thresholds. South Kalimantan's banking assets grew by 11.81% YoY (25.48% YTD), with a notable increase in banking credit by 11.06% YoY (6.70% YTD), primarily supported by a 22.21% YoY growth in investment credit.
Third-Party Funds (DPK) recorded a 9.08% YoY growth (18.58% YTD) in November 2023, reaching Rp82.59 trillion, mainly driven by a 22.50% YoY increase in deposits and a 7.68% YoY rise in savings.
The banking sector maintains a Loan-to-Deposit Ratio (LDR) of 76.56%, and both nett and gross Non-Performing Loan (NPL) ratios stand at 0.94% and 2.42%, respectively, indicating ample room for credit disbursement while ensuring credit quality.
UMKM Credit Distribution: UMKM credit constitutes Rp22.9 trillion or 36.33% of total loans in South Kalimantan as of November 2023, with well-maintained credit risk reflected in the 3.24% NPL gross ratio for UMKM credit.
By sector, UMKM credit is predominantly allocated to Wholesale Trade, followed by Agriculture and Social Services.
Government Support: Up to Q3 2023, the distribution of People's Business Credit (KUR) in South Kalimantan reached Rp3.65 trillion, benefiting 63,088 debtors. BRI leads as the highest KUR distributor, followed by BPD Kalsel, Bank Mandiri, BNI, and BSI.
Capital Market Growth: In November 2023, the Capital Market sector experienced significant growth, with a 93% increase in stock ownership amounting to Rp73.5 trillion. Despite a 26.56% contraction in stock transaction value, the sector witnessed a 17.92% growth in investors, indicating sustained interest.
Consumer Education and Protection: From January to December 2023, OJK South Kalimantan conducted 73 education activities, reaching 10,908 individuals, with women comprising 51%.
The institution received 295 walk-in complaints and 282 through the Consumer Protection Portal App (APPK), addressing issues primarily from the banking and non-banking financial sectors. All complaints were duly handled by relevant financial institutions.
SLIK Requests and K/PMR Program: OJK South Kalimantan received 9,521 SLIK requests from January to December 2023, processing an average of 36 requests per day, marking a 268.13% YoY increase.
Under the Acceleration Program for Regional Financial Access (TPAKD), 8 out of 14 formed in South Kalimantan facilitated K/PMR programs with a total cap of Rp47.76 billion, benefiting 4,780 debtors, showcasing a 36.33% increase.
Collaborative Efforts: On January 4, 2024, OJK South Kalimantan engaged in discussions with the Regional Police Chief to strengthen collaboration in combating illegal financial activities through the Illegal Financial Activities Eradication Task Force (Satgas PASTI).
OJK and Satgas PASTI pledged to enhance synergy in eradicating illegal investments, unauthorized online loans, and various other illicit financial activities, prioritizing the protection of the public.(juns)
