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Tech 6 days ago

PREMIUM
OJK threatens ‘corrective measures’ as P2P defaults rise

The default rate of peer-to-peer lending in the fintech industry has worsened, with the ratio of 90 days past due (TWP90) loans to total loans standing at 4.33 percent in November, up from 2.52 percent in November 2024, according to Financial Authority Services (OJK) data.

Economy 2 years ago

PREMIUM
Multifinance firms continue to grow as OJK warns of risks

Slower growth in household spending and bad weather may hamper the ability of debtors to repay multifinance firms, an analyst has said.

Business 4 years ago

PREMIUM
BCA records net profit dip in 2020 amid higher provisioning, pandemic impact

Bank Central Asia (BCA), Indonesia’s largest privately owned bank, has seen its net profit dip for the first time in at least 16 years as the COVID-19 pandemic affected loan demand and credit repayments.

Business 5 years ago

Bad loans to keep rising this year as economy yet to fully recover: Economists

Financial Services Authority (OJK) data show that the nonperforming loan (NPL) ratio, the proportion of bad loans to total debts, rose to 3.1 percent in June, higher than 3.01 percent recorded in May.

Business 5 years ago

OCBC NISP slashes loan growth target as pandemic hits credit demand

Publicly listed Bank OCBC NISP has cut its loan disbursement target this year as the COVID-19 pandemic hits credit demand amid slowing business activity.