Thursday, 14 November 2019

West Java Experienced Economic Growth

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  • TEMPO.CO, Bandung - Dian Ediana Rae, Head of Bank Indonesia for West java and Banten (BI) region, said that the region's economic growth has experienced a 0,4 percent increase in the first trimester.

    Solid domestic demand and export prospect were the main cause of growth, as well as positive banking performance in West Java. "Banking in West Java experienced increasing growth with less credit risk," said Dian.

    Credit distribution growth increased by 27.6 percent or Rp 215,03 trillion (US$21,73 billion) with only 2.86 percent of Non Performing Loans (NPL). Third Party Fund (DPK) also grew by 17.65 percent to Rp 253,87 trillion (US$25,66 billion).

    The growth dispays an improvement on Loan to Deposit Ratio (LDR) performance of West Java banking intermediary from 83.10 percent to 84.70 percent.

    Further, West Java BI plans to improve the role of Small and medium Enterprises (SMEs) in the province by mapping every SMEs in each region.

    PERSIANA GALIH