Financial Receivables Show 6.04% Increase in January 2025
Financial institutions in Indonesia have seen a significant rise in financing receivables, with a notable 6.04% year-on-year increase as reported by the Financial Services Authority (OJK). The total financing receivables by financing companies reached Rp 504.33 trillion in January 2025, highlighting a positive growth trend in the sector.
Agusman, the Executive Head of Supervision of Financing Institutions at OJK, shared this data during a press conference in Jakarta on Wednesday, March 5, 2025. He emphasized that the growth in financing receivables was largely driven by a 10.77% year-on-year increase in investment financing, underscoring a healthy economic climate for financial institutions.
Maintaining a keen eye on risk management, Agusman noted that the nonperforming financing (NPF) gross ratio stood at 2.96% while the NPF net ratio was 0.93%. These figures indicate a stable risk profile for financing companies, ensuring financial sustainability and responsible lending practices.
### Positive Trends in Various Financial Sectors
#### Growth in Peer-to-Peer Lending and Buy Now Pay Later Services
In addition to traditional financing companies, the peer-to-peer lending sector has witnessed substantial growth, with outstanding financing increasing by 29.94% year-on-year to reach Rp 78.50 trillion in January 2025. Agusman highlighted that the aggregate nonperforming financing (NPF) ratio in the fintech lending industry remained steady at 2.52%, showcasing robust risk management practices within the sector.
Moreover, the Buy Now Pay Later (BNPL) financing segment experienced a significant uptick, recording a 41.9% year-on-year increase in financing volumes, reaching Rp 7.12 trillion in January 2025. Despite this growth, the gross NPF ratio for BNPL financing stood at 3.37%, signaling the need for continued monitoring and risk mitigation strategies within this evolving financial landscape.
### Regulatory Oversight and Future Prospects
Agusman also addressed the regulatory oversight of cooperative financial institutions, specifically mentioning the transition of 21 financial cooperatives (open loop cooperatives) under OJK supervision. With total assets amounting to Rp 339.12 billion and financing disbursed worth Rp 209.77 billion, these cooperatives play a vital role in expanding financial inclusion and access to credit for underserved communities.
Furthermore, OJK’s proactive approach towards unlicensed open loop cooperatives was highlighted, with Agusman mentioning ongoing efforts to guide these institutions through the licensing process to ensure compliance with regulatory standards. By fostering a transparent and regulated financial environment, OJK aims to safeguard consumer interests and promote sustainable growth across the financial sector.
In conclusion, the increase in financing receivables and positive growth trends across various financial segments underscore Indonesia’s resilient financial landscape and the commitment of regulatory authorities to foster a secure and thriving economy. As the sector continues to evolve, prudent risk management practices and regulatory oversight will play a crucial role in sustaining long-term financial stability and promoting equitable access to financial services for all Indonesians.
