Graph 1 Demand for Loans. -40 I II III IV I II III IV* (expectation)

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1 BANK LOAN SURVEY QUARTER III-6 Demand and approval for new loans in Quarter III-6 increased with a lower net balance than the previous quarter. The increase is predicted to continue in Quarter IV-6 The most of the approval for new loans were still dominated by working capital loans, while for investment loans haven t recovery yet The funds and credit interest rates in Quarter III-6 decreased in line with decreasing rate of Bank Indonesia certificates (SBI) and still expected to continue to decrease in Quarter IV-6 Demand for Loans Demand for loans were increase The Quarter III-6 survey indicated that demand for loans were increased compared to the previous quarter, from 59,3% to 61,9%. The increase of demand for loans was expected to continue in quarter IV-6 with a higher net balance (74,3%), and occurred at all type of banks. Graph 1 Demand for Loans All Bank Large Bank Medium Bank Small Bank Demand for New Loans Demand for new loans also increased Demand for new loans during Quarter III-6 increase with a lower net balance compared to the previous quarter (from 54,4% to 54,%). The lower net balance especially occurred at medium bank. Methodology The Bank Loans Survey was conducted quarterly to public banks in Jakarta using self completion questioner distributed through fax and letter. The data was calculated to obtain a net balance score which represents the difference between the percentage of respondents who give positive answer and negative answer. Group of Real Sector Statistics 1

2 Graph 2 Demand for New Loans All Bank Large bank Medium Bank Small Bank Based on the type of usage, demand for new loans were dominated by working capital loans (77,8%), followed by consumption loans (17,8%), mean while investment loans relatively stagnant (6,7%). Most of the consumption loans were driven by the demand for property/housing loans (44,4%) and motor vehicle loans (25,%). Based on its nominal amount, the highest demand for new loans were loans above Rp5 billion (44,4%), followed by middle loans (> Rp5 million up to Rp5 billion) of 22,2%, micro loans (up to Rp5 million) of 17,8%, and small loans (> Rp5 million up to Rp5 million) of 15,6%. 1 Graph 3 Demand for New Loans by Type of Usage Working Capital Loans Investment Loans Consumption Loans Graph 4 Demand for New Consumption Loans Group of Real Sector Statistics 2

3 1 8 Demand for new loans is expected to increase Housing Loans Motor Vehicle Loans Credit Card Others In Quarter IV-6, demand for new loans is expected to increase with a higher net balance than the previous quarter (73,4%). The increase is mainly pushed by the increasing of client requirement for business financing and aggressive credits promotion. Based on the type of usage, most of demand for new loans still be dominated by working capital loans (75,6%), followed by consumption loans (,%) and investment loans (4,4%). Most consumption loans were still in the form of property/housing loans and motor vehicle loans. Mean while, based on its nominal amount, the highest demand for new loans are loans above Rp5 billion (46,7%). Demand for Facility Addition of Existing Loans Demand for facility addition of existing loans increased Demand for facility addition of existing loans in Quarter III-6 were increased with a lower net balance compared to the previous quarter (from 54,4% to 51,7%). Almost all bank groups experienced an increase with a lower net balance except small bank groups that experienced a higher net balance. Graph 5 Demand for Facility Addition of Existing Loans All Bank Large Bank Medium Bank Bank Kecil Group of Real Sector Statistics 3

4 Based on the type of usage, demand for facility addition of existing loans were especially in the form of demand for facility addition of existing loans (93,3), followed by consumption loans (6,7%) and investment loans (2,3%). Most of consumption loans were consisted of loans of property/housing and motor vehicle loans. Based on nominal amount of loans, the demand for facility addition of existing loans was dominated by loans above Rp5 billion of 37,8% and middle loans (> Rp5 million up to Rp5 billion) of 33,3%. Demand for facility addition of existing loans was expected to increase in quarter IV-6 In the next quarter, demand for facility addition of existing loans was expected to signifantly increase (84,6%). Almost all bank groups experienced an increase with net balance higher compare to than previous quarter, except small bank that experienced a decrease. Based on the type of usage, demand for facility addition of existing loans will still be dominated in the form of working capital loans (84,4%). Meanwhile, the most of consumption loans were dominated by demand for property/housing loans and motor vehicle loans. Based on nominal amount of loans, the biggest demand for loans is loans above Rp5 billion (,9%), mean while micro loans (up to Rp5 million) and small loans (> Rp5 million up to Rp5 million) is still smallest. Approval of New Loans The approval of new loans also showed an increase related to increasing in demand Related to the low level increase of demand for new loans, approval of new loans in Quarter III-6 also experienced a low level increase in net balance (from,7% to 58,7%). The low net balance occurred to all type of banks, except small bank that experienced incrase. Graph 6 Approval of New Loans (% ) All Bank Large Bank Medium Bank Small Bank Based on type of usage, main priority of new loans approval were still dominated by working capital loans (75,5%), followed by consumption loans (17,8%) and investment loans (6,7%). The form of consumption loans were still in the form of property/housing loans (46,%) and motor vehicle loans Group of Real Sector Statistics 4

5 (21,6%). Based on economic sector, approvals of new loans were mainly in trade, hotel and restaurant (31,8%), and followed by manufactoring industry sector (27,3%). Mean while, based on nominal amount of loans, the biggest approval was for loans above Rp 5 billion (,%), followed by middle loans (> Rp5 million up to Rp5 billion) of 26,7%, small loans (> Rp5 million up to Rp5 million) of,%, and micro loans (up to Rp5 million) of 13,3%. The approval of new loans were expected to increase in Quarter IV- 6 In Quarter IV-6, approval of new loans is expected to go up, with a higher net balance than previous quarter (68,1%). The improvement in clients business prospects and increasing of bank liquidity was expected the main reason that pushed the approval of new loans to incrased in quarter IV- 6. Based on the type of usage, most of approval of new loans in next quarter IV-6, were still in the form of working capital loans, of 82,2%, followed by consumption loans (13,3%) and investment loans (4,4%). Meanwhile, most of consumption loans are dominated by property/housing loans and motor vehicle loans. Based on economic sector, expectation of new loans approval were still mainly in trade, hotel and restaurant sector (31,8%), and manufactoring industry sector (25,%). Mean while, based on nominal amount of loans, approval of new loans of above Rp.5 billion was expected to be the biggest (36,4%). Graph 7 Approval of New Loans by Type of Usage 1 8 (ecpectation) Working Capital Loans Investment Loans Consumption Loans Graph 8 Approval for New Consumption Loans Group of Real Sector Statistics 5

6 Housing Loans Motor Vehicle Loans Credit Card Others Third Party Funds Expectation Third party funds in quarter IV-6 were expected to increase Third party funds were also expected to increase in Quarter IV-6 with a higher net balance compared to the previous quarter, from 71,9% to 87,4%. Most of the sources of increase of the third party fund were time deposit (58,3%), followed by savings (27,8%) and demand deposit (13,9%). The improvement of facilities and services and the higher incentive out of bank rates were claimed to be the main cause of the increase. Fund Placement Expectation Loans are still the main choice of fund placement Loans are still the main choice of fund placement in next quarter IV-6 (8,%), followed by Bank Indonesia certificates (SBI) of 8,9% and government bonds of 8,9%. The main reasons of loan as the main choice of fund replacement were the expectation of a higher money rate of return (profitability) and better clients business. To be more specific, a fund placement on SBI and government obligation was related to their lucrative characteristics; safe, liquid and attractive interest rate. Funds Interest Rate Cost of funds decreased in Quarter III-6 Both cost of funds and cost of loanable funds especially in rupiah in Quarter III-6 (calculated by simple average) were lower than previous quarter. In next quarter IV- 6, fund interest rates are still expected to continue to go down. Table 1 The Interest Rate of Funds (Rupiah and Foreign Exchange) Group of Real Sector Statistics 6

7 FUNDS INTEREST RATES Q. II-6 Q. III-6 Expectation Q. IV-6 Average Range Average Range Average Range A. Rupiah : 1. Cost of funds 1.14% 8,5% - 12,22% 9.72% 7.3% % 9.31% 7.16% % 2. Cost of Loanable funds 13.% 9,99% - 16,2% 12.85% 9.78% % 12.27% 9.34% - 15.% B. Forex : 1. Cost of funds 3.53% 2,49% - 4,57% 3.45% 2.23% % 3.54% 2.36% - 4,72% 2. Cost of Loanable funds 4.82% 2,9% - 6,75% 4.72% 2.7% % 4.72% 2,79% % Loans Interest Rate Loans interest rate was expected to decreased in Quarter III-6 Related to the decrease of fund interest rates, loan interest rates especially in rupiah in Quarter III-6 also experienced to go down than previous quarter. Most of the respondents were expected the decrease of loan interest are still continue in next Quarter IV-6. Table 2 The Interest Rate of Loans (Rupiah and Foreign Exchange) TYPE OF LOANS Q. II-6 Q. III-6 Expectation Q. IV-6 Average Range Average Range Average Range A. Rupiah : 1. Working Capital Loans 17.13% 14,24% -,2% 16.92% 13.96% % 16.5% 13,44% % 2. Investment Loans 17.57% 14,79% -,36% 17.18% 14.59% % 13.91% % 3. Consumption Loans 18.71% 15,37% - 22,4% 17.49% 13.5% % 16.63% 11.26% - 22.% B. Forex : 1. Working Capital Loans 8.11% 6,% - 1,2% 7.95% 5.8% - 1,1% 8.5% 6.48% - 9,62% 2. Investment Loans 8.5% 6,52% - 9,59% 8.38% 6,96% - 9,8% 8.25% 6,86% - 9,65% 3. Consumption Loans 7.59% 5,16% - 1,1% 7.86% 5,27% - 1,44% 7.7% 5,27% - 1,13% Group of Real Sector Statistics 7