As of October 2024, outstanding financing in the financing institutions sector grew by 8.37% yoy, reaching IDR501.89 trillion, driven by increased working capital financing. The sector maintained a solid risk profile with a gross NPF ratio of 2.60% and a gearing ratio of 2.34 times, well below the regulatory threshold.
Venture capital financing reached IDR16.32 trillion, while total assets stood at IDR26.05 trillion, reflecting a stable performance in asset management.
The fintech peer-to-peer lending sector expanded significantly, with loans increasing by 29.23% yoy, reaching IDR75.02 trillion. The non-performing loan ratio (TWP90) remained at 2.37%, indicating controlled credit risk.
As of August 2024, microfinance, loan disbursements totaled IDR1.03 trillion, while total assets reached IDR1.64 trillion, demonstrating a steady growth within the sector.
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