Mining Sector Fuels NPL Ratio Hike
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) recorded an increase in non-performing loan (NPL) ratio. In June, banks' gross NPL ratio stood at 3.0 percent, up from May's 1.9 percent. Meanwhile, the net NPL ratio was 1.3-1.4 percent.
OJK commissioners' board chairman Muliaman Hadad said the NPL hike is cause by turbulences in the real sector. "There are no new fluctuations unless in old sectors like mining," he said on Thursday, July 28.
Muliaman is confident NPL will drop in quarter three. "I think right now is the peak. The NPL will improve later," he said.
The NPL increase, he said is still within the safe threshold, which is 5.0 percent. With the economic recovery, he is certain that banks will curb the NPL rate. "It is still under control and not alarming."
Meanwhile, Bank Mandiri president director said that the company's combined NPL ratio in June stood at 3.86 percent. He projects the ratio to improve nearing the end of the year."
"We can lower it to 3.6 percent," he said.
GHOIDA RAHMAH
