After a brief vacuum due to the Covid-19 pandemic, now the business and industrial sectors are starting to rise. The business world performance assesses that access to bank credit has improved in the second quarter of 2022. This is reflected in the net balance (SB) which grew by 2.64 percent.
Based on the results of the Business Activity Survey (SKDU) conducted by Bank Indonesia (BI), the SB that occurred in the second quarter of 2022 was higher than the previous quarter which was recorded at 1.35 percent.
“Respondents assessed that access to bank credit in the second quarter of 2022 was easier than the previous quarter,” explained the BI survey, quoted on Friday (15/7/2022).
BI explained that this was in line with the percentage of respondents who answered that access to credit was difficult recorded at 4.26 percent. That number decreased compared to the previous quarter which reached 5.88 percent.
The survey also indicated an increase in the performance of business activities compared to the first quarter of 2022. This can be seen from the value of the weighted net balance or WNB for business activities which reached 14.13 percent in the second quarter of 2022, higher than 8.71 percent in the first quarter of 2022.
Meanwhile, respondents predict that business activities will remain strong with a WNB of 13.75 percent in the third quarter of 2022, although growth has slowed compared to the previous quarter.
Business growth in the third quarter of 2022 was driven by the performance of several sectors, such as the mining and quarrying sector, and industry, which was in line with the availability of production facilities and the construction sector according to historical patterns and increasing domestic demand.
“Meanwhile, the slowdown occurred in the agriculture, plantation, livestock, forestry, and fisheries sectors, particularly the food crops sub-sector [including horticulture]. This is in line with the historical pattern of the growing season,” he said.
Furthermore, several banks continued to maintain credit quality to deal with inflationary pressures and the weakening of the rupiah. Through this strategy, the quality and distribution of export credit remain under control.
Bank BRI, for example, continues to distribute export credit in line with the company’s strategy. In general, BRI Corporate Secretary Aestika Oryza Gunarto stated that BRI is selective in lending based on growth.
This strategy turned out to be fruitful and was able to achieve significant performance. Until the first quarter of 2022, BRI’s export credit distribution reached Rp 78 trillion, or an annual increase of 39%.
Similarly, Bank BCA also stated that export credit distribution was still growing positively in line with the development of national exports. Executive Vice President Secretariat & Corporate Communication of BCA Hera F. Haryn said that his party will continue to support exporter customers to market their products overseas.
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