← Back to main page

MSME needs Rp. 60,4 trillion to meet 60% growht’s

mikro.jpg

To increase the Micro, Small and Medium Enterprises (MSME) industry around 60 percent growth’s for this year (2008), the government has plan that our banking industry will support its lending targets around Rp. 60,4 trillion. 

This amount also has approved by the banks with some condition for this prospectives sector. 

One of the main reasons for banks wanting to increase their loan portfolios to the sector last year was due to the declining number of non-performing loans (NPL) in the sector in the recent years. 

According to the central bank, last year’s (2007) NPL figure among MSME at 3.44 percent, down 0.86 percent from the previous year (2006) at 4.3 percent.  

Both figures are shown the good condition for this sector where the percentage lower than the banking industry’s average NPL rate of 4.5 percent and 6.7 percent in 2004 and 2003. 

Currently, the central bank requires for all banks to maintain a NPL figure of below 5 percent (www.thejakartapost.com).

Post a comment

Our channels and feeds

  • Business Channel (7 blogs)
  • City Channel (26 blogs)
  • Film Channel (10 blogs)
  • Health Channel (6 blogs)
  • Sport Channel (6 blogs)
  • Media Channel (6 blogs)
  • Lifestyle Channel (4 blogs)
  • Hobby Channel (4 blogs)
  • Science Channel (8 blogs)
  • Music Channel (3 blogs)
  • Tech Channel (10 blogs)
  • Tips Channel (4 blogs)
  • Travel Channel (9 blogs)
  • Writing Channel (5 blogs)