Credit Bank of Foreign Exchange Value
Forex September 3rd, 2009
JAKARTA – Distribution of foreign bank loans from 2009 until early October 2009 the position (year to date) decreased by 18.1 percent from Rp115, 5 trillion to Rp97, 8 trillion.
The decrease was due to the value of U.S. dollar exchange rate weakened until the end of last year. “Distribution of loans from foreign banks from early 2009 until the end of October 2009 tend to decrease. We think that the decline is due to the fluctuation of exchange rates,” said Director Head of Corporate Banking Tigoor M Siahaan Citibank in Jakarta last weekend. Tigoor said, the credit decline is supported by the decrease in foreign currency loans fell 36.7 percent from Rp65, 6 trillion to Rp48, 1 trillion. So was what happened from September to the position in October 2009.
Credit forex foreign banks fell 4.6 percent from Rp50, 2 trillion to Rp48, 1 trillion. And the credit of the rupiah currency rose just 2.1 percent of thin Rp48, Rp49 trillion to 7, 7 trillion. “The decline is more due to credit the influence of the global crisis in late 2008 so that business is still wait and see, since the beginning of the year and even until the end of 2009,” added Tigoor. Especially in the period, continued Tigoor, the rupiah strengthened high enough from Rp10.775 per dollar in January 2009 to about Rp9.600 per U.S. dollar at the end of October 2009.
Under these conditions, estimate the credit Tigoor until the end of 2009 only single-digit growth. Based on the notes, Citibank credit in a position of about Rp20 trillion as of September 2009. “The decline is also due to the era of competition with national banks. In addition, there are loans approved but not drawn (undisbursed loan) from the customer’s big enough,” he added. Chairman of the Association of Banks, National Commercial Bank (Perbanas) Sigit Pramono agrees still high value of undisbursed loan banks.
He noted until the end of November 2009 the figure reached Rp270 trillion. This could inhibit the growth of credit in 2010. “The decline is due to the undisbursed loan and the customer is still wait and see on national economic recovery and global,” he said. moving up, said Sigit, credit growth in 2009 will not beginning of the year by 15 percent who later revised persen.Namun only grow up to 12 credits November 2009 grew only in the range of 8-9 percent.
Previously Managing Director of PT Bank Negara Indonesia Tbk (BNI) Gatot M Suwondo admit, it still has an approved loan, but have not withdrawn to reach 6 trillion Rp5-September 2009 until the end. “Channeling credit from the bank is always limited company we .Tapi undisbursed loan also increased, “he said. Gatot said that the main factor was the high undisbursed loan because the customer has not taken funds from Indonesia’s economic fundamentals of the condition of the real sector has not recovered. In addition to the real sector, local economic conditions are still supported by the global economy.
This was indicated by the unemployment rate in the United States is still high. Director of PT Bank Central Asia Tbk (BCA) previously Setijoso Djohan Emir undisbursed loan also claimed the company approximately 30-40 percent of the total credit limit of the company to have. “Undisbursed loan high credit growth led to the end of 2009 was not rapid as in 2008,” stated Setijoso. It estimates that credit growth in late 2009 had risen only 8-10 last year BCA persen.Padahal able to reap the credit rose by 25-30 percent.
Setijoso admitted, employers now increasingly clever. Although entrepreneurs need loans, they are still delaying to attract credit because they have to pay interest to a relatively high credit from banks. “We also have to compete with banks and foreign bank limited company in disbursing credit. Until now we’ve lowered rates on loans range from 12 to 13 percent. The expectation of credit will improve in the quarter I/2010,” he added.
