In 2023, total Non-Performing Loans (NPLs) in Indonesia stood at 1.72 units. This marks a significant improvement from previous years, with a noticeable downward trend from the peak of 2.9 units in 2016. The year-on-year variation from 2022 to 2023 shows a -6.52% decline, while from 2021 to 2022 there was a -6.12% decrease. The Compound Annual Growth Rate (CAGR) over the last 5 years indicates a -7.01% decrease per year, reflecting a steady improvement in asset quality. The overall forecasted 5-year growth rate from 2023 to 2028 anticipates a total decrease of -30.47%.
Future trends to watch for include:
- Continuous monitoring of economic stability and its impact on loan performance.
- Efforts by Indonesian banks to maintain strict credit assessments and risk management practices.
- Potential impacts of global economic shifts or local market disruptions on NPL ratios.
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