00:00 Today we will review together the current development of Indonesia's financial services sector.
00:06 We will start from the capital market, where the OJK said the volatility of the stock market in emerging market countries has increased.
00:14 From the stock market, until September 29, 2023, the stock price dropped by 0.19% monthly to level 6,939.
00:25 In August, the stock price dropped to level 6,953.
00:30 The number of non-resident outflows was 4.06 trillion rupiahs monthly, especially due to the crossing transaction.
00:37 In August, the outflow was 20.1 trillion rupiahs.
00:41 Meanwhile, the analysis from the capital market regarding the accumulation of funds, the OJK is optimistic that the value of the accumulation of funds in the Indonesian capital market
00:50 can reach 200 trillion rupiahs by the end of 2023.
00:54 And finally, the achievement has reached 190 trillion rupiahs.
00:59 The OJK even hopes that its achievement can exceed the target that has been set.
01:04 And that is also in line with the Indonesian Stock Exchange, which has just managed to record the highest shareholding record in 2023
01:12 by winning the accumulation of funds of 49.5 trillion rupiahs, with 68 new shareholding records or new IPO shares.
01:22 The record of shares has exceeded the record of funds borne by the Indonesian Stock Exchange in 1999,
01:31 with the number of new shares recorded as much as 66 companies.
01:36 Even though on October 6, 2023, the stock market even recorded that there were 28 companies that would do IPO until the end of 2023.
01:48 Still from the capital market, the OJK also stated that it has imposed an administration sanction in the form of a withdrawal of business permits
01:55 to the PTI Nadira Investasi Kita Bersama and to the PT Maseri Asset Management,
02:01 which has been proven to violate the regulations of the Indonesian Capital Market Law.
02:07 Regarding the Indonesian financial services sector, from the capital market, our analysis turns to the national banking industry.
02:14 In the latest statement, the OJK announced positive growth of credit banking in the August 2023 period.
02:21 So how big is the growth and what segment is the main contributor to the credit growth?
02:26 Here is the information.
02:28 The Financial Services Authority noted that in August 2023, credit banking grew by 9.06% year-on-year.
02:41 Compared to July 2023, which is 8.54% or as large as Rp 6,739 trillion.
02:49 The Executive Director of the OJK Banking Administration, Dian Edianare, stated that the growth was supported by 11.25% year-on-year investment credit.
03:00 Although the credit grew positively, the growth of third-party funds actually decreased by 6.24% growth rate,
03:07 which is lower than the July period of 6.62% year-on-year.
03:11 The growth of credit lending increased by 9.06% year-on-year, which was previously 8.54% year-on-year,
03:20 to a total of Rp 6,739.40 trillion, with the highest growth in investment credit of 11.25% year-on-year.
03:31 In terms of ownership, the largest credit growth was recorded from the Domestic Private Bank, which grew by 12.34% year-on-year.
03:41 On the other hand, the growth of third-party funds in August 2023 was recorded at 6.24% year-on-year,
03:50 which was previously 6.62% year-on-year, or as large as Rp 8,082 trillion.
04:00 Further, OJK stated the liquidity of the banking industry in August 2023
04:06 in a level that coincides with the ratio of liquidity that is maintained.
04:10 With a net bank NPL ratio of 0.79% compared to July 2023,
04:16 0.80% and NPL growth of 2.50% compared to July 2023, 2.51%
04:26 From Jakarta, IDX Channel coverage team
04:29 Banking Industry and Liquidity
04:32 Yes, from the banking industry, liquidity of the banking industry in August 2023 is mentioned in a level that coincides with the ratio of liquidity that is maintained.
04:42 The ratio of liquid instruments per non-core deposit and liquid instruments per DPK fell from 118.5% to 118.37% in July 2023,
04:55 and 26.49% compared to July last year, or 26.57%.
05:01 Meanwhile, the Financial Services Authority asked the Waterfront Banking to routinely conduct stress tests or self-defense tests.
05:09 In the middle, the global boom due to the high-flower trend in a long time, or known as "Higher for Longer".
05:16 Executive Chair of the OJK Banking Supervisory Board, Dian Ediana Rai, stated that in addition to conducting stress tests,
05:22 the bank was also asked to strengthen the deposit.
05:26 Therefore, the OJK Supervisory Board sees the waterfront financial services sector, including the banking sector,
05:31 in a stable condition in the middle of the high-flower trend in a long period, or "Higher for Longer".
05:38 The financial services sector is stable, supported by strong liquidity conditions that are accommodating and a protected risk profile.
05:46 Still in the banking sector, the Supervisory Board stated that it has instructed the banks to block online gambling accounts.
05:56 The number of accounts blocked is 1,700.
06:01 The OJK also ensured that the banks have now developed a system that can develop parameters to detect whether the existing accounts are online gambling or not.
06:14 From the bank, the other financial services sector that was also assessed by the OJK, namely the pension fund industry.
06:22 The OJK stated that so far there are 12 pension funds that are under the OJK's special supervision status.
06:30 What caused the amount of pension funds to be under special supervision? Here is a summary of the information.
06:40 The OJK stated that at least 12 pension funds are under special supervision and are being monitored at the moment.
06:47 In the latest PERS conference, the OJK said it has formed its own working unit that provides tighter supervision
06:53 for pension funds under the special supervision status.
06:57 A pension fund is under special supervision if it meets the criteria of composite levels, management standards, and other quantitative parameters.
07:09 It is true that there are 12 pension funds under special supervision,
07:16 which are a combination of BUMN pension funds and non-BUMN pension funds managed by special agents at the OJK.
07:28 Most of the 12 pension funds have problems with the payment of interest from employers
07:37 which is not smooth, resulting in a high interest rate.
07:42 The OJK further stated that on August 31, 2023, there were 198 DAPEN, consisting of 138 pension funds
07:51 for the Pension Benefit Program, 36 pension funds for the Pension Benefit Program, and 24 pension funds for the Financial Services Agency.
07:59 The total net asset of pension funds reached Rp358.7 trillion from Jakarta, the coverage team of IDX Jino.
08:07 Yes, viewers, a few hours ago, the Minister of Home Affairs and the Buman and the BPPKP and the Jaksan Agung
08:18 announced that there were a number of things that were leaked from a number of BUMN pension funds.
08:25 The Financial Services Agency also revealed that there were 12 pension funds under special supervision
08:31 with several problems.
08:34 The Executive Head of Insurance, Insurance and Pension Funds OJK, Ogi Prastomiono, said
08:40 that the 12 pension funds consisted of BUMN pension funds and non-BUMN pension funds.
08:47 Yes, most of the 12 pension funds have problems with the payment of interest from unproven employers,
08:54 thus causing a high interest rate.
08:57 For that reason, OJK has asked each employer to provide action plans and financing improvements
09:04 including the scheme of repayment of interest rates, operational cost efficiency, and also the assumption evaluation
09:11 used in the actuary report, including the management of investment from the collected pension funds.
09:17 Nevertheless, OJK stated that until now, all pension funds can pay pension benefits to pensioners,
09:24 including pension funds at the level of third payment.
09:29 OJK itself continues to push for pension fund institutions to do health and improvement management of pension funds.
09:36 OJK will ask pension fund managers to evaluate the portfolio of pension fund investments
09:42 and increase the efficiency of the investment.
09:45 OJK also continues to ensure that the repayment of pension funds is done with full care,
09:51 as well as implementing good management and risk management.
09:56 Yes, viewers, we saw the assessment from the Financial Services Authority
10:00 regarding the financial services sector in Indonesia, which is generally or overall still considered stable and still maintained.
10:08 However, a number of gaps must of course still be observed by the Financial Services Authority
10:13 because various things can be used by non-responsible individuals, including pension funds, investment management,
10:22 and banking. There are some accounts that must be blocked because they violate the law.
10:29 And also from the side of the Indonesian capital market, where investors are also expected to be protected
10:35 by the barriers in the Indonesian capital market and also the global capital market.
10:42 And we hope that the financial services sector will remain stable in the future.
10:46 And we will provide other information after the break. Stay with us in IDX First Session Closing.
10:52 End
Comments