PORTALJABAR, BANDUNG CITY - Development of the Banking Sector The development of banking performance in West Java in December 2023 experienced positive growth, reflected in the growth of credit or financing distribution of 6.50 percent (yoy) with a total nominal financing reaching IDR 603.7 trillion and a market share of 8. 5 percent compared to total national financing or is the province with the 2nd largest financing distribution after DKI Jakarta.

Apart from that, other banking performance indicators also experienced growth, including assets growing 3.71 percent (you), Third Party Funds (DPK) growing 4.04 percent (yoy), and NPL improving to 3.23 percent compared to the position in December 2022. amounting to 3.25 percent.

Meanwhile, the performance of Commercial Banks headquartered in West Java also experienced positive growth, including assets growing 4.01 percent (yoy), DPK growing 4.46 percent (yoy), credit growing 9.17 percent (yoy) and NPL well maintained. namely 1.25 percent.

Conventional Commercial Bank financing in West Java reached IDR 522.2 trillion or grew 5.78 percent (yoy) with a market share of 86.5 percent compared to all financing in West Java. In terms of NPL, it can be maintained at the level of 3.07 percent.

West Java Sharia Commercial Bank financing reached IDR 59.5 trillion or grew 13.04 percent (yoy) with a market share of 9.9 percent compared to all financing in West Java. In terms of NPF, it was maintained at the level of 2.11 percent.

West Java BPR/BPRS financing reached IDR 22.0 trillion or grew 6.87 percent with a market share of 3.6 percent compared to all financing in West Java, but in terms of NPL it was observed to be quite high at the level of 10.17 percent.

Around 49.8 percent of Commercial Bank financing in West Java is channeled for consumption use, while working capital and investment are 35.9 percent and 14.3 percent respectively. The highest growth in financing was channeled to investment, namely growing 10.8 percent (yoy).

Based on ownership, around 58.0 percent of Commercial Bank financing in West Java is channeled by Bank Persero. The highest financing growth was the Mixed Bank, namely 11.61 percent (yoy) even though it had a market share of 1.99 percent.

Based on KBM, around 46.7 percent of Commercial Bank financing in West Java was channeled by Bank KBMI 4. Bank KBMI 2 financing grew the highest, reaching 10.68 percent (yoy).

Total National KUR distribution as of December 2023 reached IDR 260.1 trillion, while KUR distribution in West Java reached IDR 29.1 trillion with a portion of 11.1 percent compared to the total National KUR distribution. Based on the KUR financing scheme, the micro sector has the largest portion, reaching IDR 18.6 trillion or 64.0 percent of the total KUR distribution in West Java.