JAKARTA: Banks are more aggressive in looking for foreign exchange-denominated fund from foreign financial institutions considering on cheaper cost. The higher demand is reflected from a soar of foreign-exchange-denominated loans throughout the first quarter of 2011.Based data compiled by Bisnis, in the first quarter of 2011, the realization of forex loan in Indonesia achieved US$13.06 billion or more than IDR111 trillion with exchange rate of IDR8,500 per US$.The foreign exchange loan soared by US$2.76 billion or 26.79% compared to loan level in the same period of last year by US$10.31 billion.In the meantime, private banks contributed higher foreign exchange loan to US$11.26 billion from US$8.8 billion last year. Higher contribution was dominated by national private banks to US$6.25 billion from US$4.9 billion.Then, joint venture contributed to US$3.4 billion from US$2.2 billion, while foreign banks booked lower loan to US$1.59 billion from US$1.64 billion.Meanwhile, the state-owned banks reported higher contribution to US$1.79 billion from US$1.49 billion compared to loan contribution from other private banks.Calculated in percentage, the jump of banks loan facility was higher than non-bank loan, even though non-bank had higher value than banks loan. Non-bank institutions booked higher foreign-exchange-denominated loans by 10.4% or US$6.78 billion to US$84.72 billion.EasierIn the meantime, the growth trend of national banks foreign-exchange denominated loan to foreign financial institutions tends to escalate considering on cheaper cost, as confirmed by Bank CIMB Niaga Director Handoyo Soebali.Foreign exchange-denominated loans from foreign institutions have cheaper cost and easier requirement, he told Bisnis, yesterday.The loan can be benefited by national banks for long-term liquidity needs supporting credit expansion.Meanwhile, last year the foreign-exchange loans from foreign banks soared that is predicted to continue, if there are no obstacles from regulator, as affirmed by an economist of ISEI Mirza Adityaswara.The demand trend for the foreign exchange credit is going to be higher along with high import and export transaction. Bank BNI is one of banks that raises actively fund from foreign exchange fund. Previously, the state-owned bank had pocketed a loan facility from Well Fargo Bank N.A., US-based leading bank, amounting to US$50 million or IDR425 billion. (t01/msw)

---

Artikel Terkait

Berita Lainnya

Berita Terbaru