Masarikuonline.com
The performance of Financial Services Institutions in Maluku Province up to the position of May 2023 shows positive growth with high intermediation performance accompanied by a controlled level of risk, both in the banking sector, capital markets and the non-bank financial industry (IKNB), said the head of Otoritas Jasa Keuangan (OJK) Maluku, Roni Nazra in a press release received by MasarikuOnline, on Wednesday (13/07/2023).

Roni Nazra said, Development of the Banking Sector The banking growth of the Maluku Province in the position of May 2023 increased significantly, one of which was due to an increase in the assets of PT. BPR Modern Express as a result of the merger/merger of BPR Modern Multiartha Group from 10 BPRs spread across nine provinces ,merger into one BPR, namely PT. BPR Modern Express headquartered in Ambon in April 2023.

“Total banking assets in position May 2023 was IDR 31.33 trillion or grew 21.88% (yoy). Growth
This was in line with the increase in Third Party Funds (DPK) of IDR 2.01 trillion (13%) mainly increased savings by IDR 1.94 trillion (20.79%) and demand deposits amounting to IDR 206.62 billion (8.16%),” explained Nazra.

Meanwhile, total bank loans in May 2023 amounted to IDR 21.36 trillion or grew by 32.28% yoy. The increase in bank lending in Maluku was also reflected in the lower Loan Deposit Ratio (LDR).
increased by 17.83% to 122.30% (yoy).

Credit growth occurred in all credit sectors, including consumption credit which grew by IDR 4.47 trillion (42.29%), investment credit grew by IDR 146.72 billion (17.05%) and capital credit grew
amounting to Rp594.41 billion (12.61%).

On the other hand, credit risk was still relatively well maintained as reflected in the Gross NPL ratio of 2.03% or still far below the maximum regulatory limit of 5%.

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