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

Bali SME loan repayment requirements to be eased

  • Anton Hermansyah
    Anton Hermansyah

    The Jakarta Post

Jakarta   /   Wed, December 27, 2017   /   10:39 am
Bali SME loan repayment requirements to be eased Dreamland Beach on the Bukit Peninsula is one of Bali’s hidden gems. (Shutterstock/File)

The Financial Service Authority (OJK) plans to issue a regulation on easing loan repayment requirements for small and medium enterprises (SMEs) in Bali affected by the eruption of Mount Agung.

"A lot of borrowers have had to cease business operations because of the disaster, and travel warnings issued by foreign governments have reduced the number of tourist arrivals," OJK chairman Wimboh Santoso said in a statement on Sunday.

The OJK was able to ease requirements because in the last three month, non-performing loans (NPL) were less than the tolerable level in Bali, he added.

Karangasem Regent I Gusti Ayu Mas Sumantri, whose region has been affected the most by the eruptions, said many debtors were hopeful of having their payment burdens eased.

Tourism Minister Arief Yahya said that after Mount Agung first erupted in late November, tourist arrivals dropped to about 2,000 tourists per day from the usual 15,000.

He said, however, that tourist arrivals were gradually returning to normal and reached 12,300 tourists last week. "Arrivals have reached 80 percent of the usual figure,” he said. (bbn)