2022 State Budget and Fiscal Incentives Presentation
Signs of Recovery in Financial Intermediations
Bank loans continue to grow, supported by consumption and working capital loans. Despite still being in the contraction zone, financing growth
has steadily improved for the last few months.
Financing growth continued its improving trend in the past few
months and grew by -3.60% (y-on-y) in November 2021.
LOAN
In November 2021, Bank loans continued to grow by 4.84%
(y-on-y) and 0.93% (m-to-m).
IDR Tn
Bank Loans
YoY Growth (rhs)
YoY
6,000
5710.116%
IDR tn
500
5,000
12%
400
4,000
8%
4.82%
300
3,000
4%
200
2,000
0%
1,000
-4%
100
0
-8%
0
IDR Tn
220
200
180
160
140
120
100
80
60
40
20
0
2016
Financing
Growth (rhs)
YOY
10%
5%
363
0%
-3.60%
-5%
-10%
-15%
-20%
Total of securities issuance reached IDR363.29 Tn (YTD) as of
31 December 2021, indicating a more optimistic signal to
economic recovery.
ΠΙΡΟ
Rights Issue
Corporate Bond & Sukuk
197.27
Life insurance premium recorded a 6.6% growth (y-on-y) while
General & Reinsurance premium improved and recorded a 5.8%
growth (y-on-y) in November 2021.
Life Insurance Premium Growth
General & Reinsurance Premium Growth
2017
Source: Financial Service Authority (OJK)
61.66
104.35
10
28220&
-10
-20
2018
2019
2020
2021*
Apr-19
Mar-1
Jan-19
Feb-19
ar-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Apr-20
May-20
Jun-20
Feb-
Mar-
Aug-20
Jul-
Sep-
Oct-
Nov-
Dec-
Jan-21
Mar-21
Apr-2
Feb-
May-21
Jun-21
Jul-21
Aug-
Oct-
Nov-
6.6
5.8
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