Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Only 2.23 percent of loans in Bali are bad

  • The Jakarta Post

  /   Mon, July 25 2011   /  11:03 am

DENPASAR: Only 2.23 percent of all bank loans in Bali in the first half of this year were low non-performing loans, a banker says.

“The rate is quite low, meaning that the banking industry is quite healthy. In other provinces, the average rates of non-performing loans reach around 5 percent,” Jeffry Kairupan, the head of the Bali branch of Bank Indonesia, said.

He said the rate had to be kept as low as possible, adding that normally, the economy of Bali experienced a slowdown in the first quarter of the year.

“However, this year, the economy is good,” Kairupan said.

Bali’s 45 national, local and international banks issued Rp 26.23 trillion (US$3.07 billion) in loans in the first half of the year....