Financial
Services Authority, Jakarta, July 17, 2014. Financial Services Authority (OJK) on Wednesday (July 16) conducted OJK Board
of Commissioners` monthly meeting to evaluate development and risk profile of
financial services industry. Financial services industry was generally in good
condition. National financial market weakened in June as investors waited in
their respond to domestic political development. However, the condition of
financial market got better again during the first two weeks of July.
Indonesian
Composite Index (IHSG) recorded the highest growth in the region at 17.7% year
to date and was closed at 5,032.6. Rupiah exchange rate also appreciated by
4.9% and was closed at Rp 11,580 per US dollar. Additionally, market
performance of government bonds (SBN) also strengthened by 31 bps in average.
Financial
industry`s capability in dealing with pressure also seemed quite well. Banking
capital was high, with capital adequacy ratio (CAR) reaching 19.5%. Rentability
was stable and adequate, with return on assets (ROA) at around 2.9%. In capital
market sector, net asset value (NAV) of mutual fund indicated an increase to
reach Rp 210 trillion, generated by reasonably major net subscriptions. Apart
from that, in non-bank financial industry, investment value of pension fund and
insurance companies also indicated an improvement, although there was a deceleration
in finance companies` credit growth.
Whereas
the condition of banking liquidity, indicated by liquid assets/non-core deposit
at threshold of 50%, was adequate to anticipate potential withdrawal of third
party fund, especially ahead of Lebaran holidays. In capital market sector, trading
activities increased again, supported by fairly conducive political condition.
While in non-bank financial industry sector, finance distribution reached 88.4%
and gearing ratio of finance companies increased to 3.70 times as of May 2014.
Risk
factors that required attention were possible inversion in the direction of
monetary policy in the United States and oil price increase due to political escalation
in Middle East and Ukraine.
For more
information, please contact:
Lucky
F.A. Hadibrata,
Deputy Commissioner IB for Strategic Management OJK
Phone:
021-3858001, email: lucky.fathul@ojk.go.id/www.ojk.go.id
