The latest Bank Financing Supply and Demand Survey indicates positive growth of corporate financing in November 2023, as reflected by a Weighted Net Balance (WNB) of 14.9%. This was primarily driven by increasing demand in the construction sector. Corporate demand for financing was mainly sourced from internal funds, followed by committed undisbursed loans, affiliate loans and financing from domestic banks.
Growth of new loan disbursements by the banking industry also maintained a positive trend in November 2023, with a WNB of 70.4%. The main factors affecting new loan disbursements in the reporting period were customer demand, the monetary and economic outlook as well as the level of competition between banking institutions. Meanwhile, respondents predict positive growth of new loan disbursements overall in the fourth quarter of 2023.
In terms of households, demand for new financing was slightly lower in November 2023, with most sourced from commercial banks. In addition to the banking industry, households also relied on other sources to meet their financing needs, including cooperatives and leasing.
Anang Fadhilah
