Indonesia's NPL Ratio Can Decrease Next Year: OJK

Desi Angriani    •    18 Agustus 2017 18:37 WIB
finance and money
Indonesia's NPL Ratio Can Decrease Next Year: OJK
Illustration (Photo: Anti), Jakarta: Indonesia's Financial Services Authority (OJK) has predicted the country's non performing loans (NPL) ratio can decrease in 2018.

"The country's NPL ratio will be below two percent next year. It will be around 3.5 percent this year" OJK chairman Wimboh Santoso said at the Coordinating Ministry for Maritime Affairs office in Central Jakarta on Friday, August 18, 2017.

The country's NPL ratio was up in the first quarter of 2017. It was stagnant in the second quarter of 2017.

The country's  NPL ratio reached 3.07 percent in May 2017. It reached 3.1 percent in Aprl 2017.

This year's NPL ratio was mostly caused by mining, transportation and trade companies It was mainly caused by falling commodity prices.